Rhino Investments Acquires Grants Pass Shopping Center From LNR Partners For $24.65M

The Grants Pass Shopping Center in Oregon, located at 820-1160 Northeast D Street, was sold for $24,650,000. Spanning 277,378 square feet, the property boasts a price per square foot of $89. The retail asset, housing national tenants like ULTA and TJ Maxx, was 81% leased at the time of the transaction.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $24,650,000
• Address: 820-1160 Northeast D Street
• Market: Grants Pass, OR
• Square Footage: 277,378
• Buyer: Rhino Investments
• Seller: LNR Partners
• Brokers: Daniel Tibeau & Dino Christophilis - CBRE

CBRE played a significant role in facilitating the sale of the Grants Pass Shopping Center. The transaction was spearheaded by brokers Dino A. Christophilis and Daniel Tibeau, representing the seller, LNR Partners. This prime retail asset garnered substantial interest, attracting over 200 potential buyers due to its strong leasing history and prominent national tenants.