Edens Acquires Montebello & La Verne Retail Properties From Combined Properties For $137M

The property involved in this transaction is a retail asset located at 802 West Beverly Boulevard, 1600 Foothill Boulevard, and 1375 Foothill Boulevard in the Montebello and La Verne market. The total square footage of the property is 402,000. The sale price for this property was $137,000,000, resulting in a price per square foot of $341.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $137,000,000
• SF: 402,000
• PPSF: $341

Edens represented by Jodie McLean acquired the property from Combined Properties, represented by Kathy Bonafé. The transaction was facilitated by brokers Pete Bethea and Glenn Rudy from Newmark.