DRA Advisors Acquires Retail Property At 7575 Carson Street Long Beach For $143 Million

The transaction involves a retail property located at 7575 Carson Street in Long Beach. The asset encompasses a total of 1,000,000 square feet and was sold for a price of $143,000,000, translating to a price per square foot of $143.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $143,000,000
• Address: 7575 Carson Street
• Market: Long Beach
• Square Footage: 1,000,000
• Price per Square Foot: $143
• Buyer: DRA Advisors
• Seller: Barings
• Brokers: Kyle Miller, Bill Bauman & Kevin Shannon - Newmark

Kyle Miller, Bill Bauman, and Kevin Shannon from Newmark represented the transaction, facilitating the sale between DRA Advisors and Barings, ensuring the deal progressed efficiently within the Long Beach retail market.