Hugo Aviles Of JH Real Estate Partners Acquires Village Walk Center In Pico Rivera For $37.5M

The retail asset involved in the transaction is the Village Walk Center, located at 8500, 8540, 8580 Whittier Boulevard & 5005 Paramount Boulevard in Pico Rivera. The fully leased complex encompasses 133,000 square feet and was sold for a total price of $37.5 million, translating to a price per square foot of $282.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $37,500,000
• Square Footage: 133,000
• Address: 8500, 8540, 8580 Whittier Boulevard & 5005 Paramount Boulevard
• Market: Pico Rivera
• Buyer: Hugo Aviles - JH Real Estate Partners
• Seller: David Larcher - Vestar

Hugo Aviles represented JH Real Estate Partners in the acquisition of the retail complex, which is anchored by well-known tenants including a 14-screen Cinepolis cinema, Harbor Freight, and CVS. David Larcher was the seller representing Vestar in this transaction.