Jodie W. McLean Of Edens Acquires The Summit At Calabasas From Dollinger Properties For $57M

The transaction involved a retail asset located at 26767 Agoura Road in Calabasas, California. The total sale price of the property was $57,000,000, which translates to $792 per square foot for the 72,000-square-foot center. The retail space is anchored by a 16,250-square-foot Erewhon grocery store and includes other tenants such as Philz Coffee, Exer Urgent Care, Crane Pilates, and Nishi Sushi.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $57,000,000
• Square Footage: 72,000
• Address: 26767 Agoura Road
• Market: Calabasas, CA
• Price Per Square Foot: $792
• Buyer: Jodie W. McLean - Edens
• Seller: David B. Dollinger, Michael I. Dollinger & Barrie Dollinger Mengarelli - Dollinger Properties

Jodie W. McLean, representing Edens, has acquired The Summit at Calabasas from Dollinger Properties, which is represented by David B. Dollinger, Michael I. Dollinger, and Barrie Dollinger Mengarelli. Edens intends to further invest in the property, enhancing its existing presence in California with a portfolio of 13 properties totaling over 2.1 million square feet.