TRC Retail Acquires Retail Property In La Canada Flintridge For $66M

The retail property located at 890-990 Town Center Drive in La Canada Flintridge, Los Angeles, was recently sold for $66,000,000. The asset spans 115,939 square feet, equivalent to a price per square foot of $569. The transaction took place between TRC Retail, the buyer, and IDS Real Estate Group, the seller. The seller was represented by Pete Bethea, Rob Ippolito, and Glenn Rudy from Newmark.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $66,000,000
• Address: 890-990 Town Center Drive
• Market: La Canada Flintridge, Los Angeles
• Square Footage: 115,939
• Seller: IDS Real Estate Group
• Buyer: TRC Retail

The notable individuals involved in this deal were the seller's representatives, Pete Bethea, Rob Ippolito, and Glenn Rudy of Newmark. Their expertise and negotiation skills were crucial in finalizing the transaction for the retail property in La Canada Flintridge.