Updated Nov 6, 2026
Mike Sales Of Nuveen Real Estate Acquires Retail Portfolio Across California Colorado And Washington For $445.5M
$445,500,000
$235/SF
Building Size
1,890,000 SF
Asset Type
Retail
Closing
Nov 2, 2026
About this deal
AI
A grocery-anchored retail portfolio consisting of 13 properties was acquired by Nuveen Real Estate for $445.5 million. The total square footage of the portfolio is 1,890,000, and it is currently 93.5% leased. The transaction took place across California, Colorado, and Washington. The price per square foot for the deal was $236.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $445,500,000
- Buyer: Mike Sales - Nuveen Real Estate
- Brokers: Daniel Tyner, Geoff Tranchina, Gleb Lvovich & Eric Kathrein - JLL
- Lender: U.S. Bank
- Mortgage Brokers: Kevin MacKenzie, Spencer Bergthold & John Marshall - JLL
This transaction involved JLL representing Nuveen Real Estate, facilitating the purchase of the properties. U.S. Bank provided financing of $239 million specifically for 11 of the properties within the portfolio. The team from JLL played a critical role in managing the complexities of the transaction.
On the Map
$445,500,000
$235/SF
Retail
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Players
Simi Valley Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.04%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93