John Mankus - TRC Retail Acquires Retail Property In La Cañada For $66M | 965 Foothill Boulevard | Retail | Sale

Summary

Sale

CALIFORNIA

Retail

115,000 sqft

The La Cañada Town Center, a 115,000-square-foot mall located at 990 Town Center Drive & 965-985 Foothill Boulevard in La Cañada Flintridge, was acquired by TRC Retail for $66 million. The property, situated near the 210 Freeway, features tenants like Target and HomeGoods, contributing to its market value of $574 per square foot.

Summary of transation details:

Property Type: Retail
Transaction Amount: $66,000,000
Buyer: John Mankus - TRC Retail
Seller: David G. Mgrublian - IDS Real Estate Group
Market: La Cañada Flintridge

TRC Retail, a Newport Beach-based company, completed the acquisition of the La Cañada Town Center, showcasing strategic investment in the retail sector amidst a challenging market scenario in Los Angeles County.

Details

Deal Summary

SOLD

IMAGE: 03/12/2024 ADDRESS: 990 Town Center Drive & 965-985 Foothill Boulevard MARKET: La Cañada Flintridge ASSET TYPE: Retail BUYER: John Mankus - TRC Retail SELLER: David G. Mgrublian - IDS Real Estate Group SALE PRICE: $66,000,000 SF: 115,000 ~ PPSF: $574 NOTE: TRC Retail, based in Newport Beach, acquired the La Cañada Town Center, a 115,000-square-foot mall in La Cañada Flintridge, for $66 million. The property, near the 210 Freeway, includes tenants like Target and HomeGoods, amidst a sluggish retail market in Los Angeles County.

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Address965 Foothill Boulevard

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