DISPOSITION – UNIVERSITY SQUARE

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19401-17421 Avalon St. & 481-501 E. Albertoni St., Carson, CA 90746

Primestor Development, Inc. sold this ±40,001 square foot property which was developed in 2008. The stabilized property is anchored by a new DD’s Discounts store. Other national tenants including Subway and Panda Express. University Square has excellent visibility along the 91 Freeway just east of I-110.

ACQUISITION – PALM GLEN SHOPPING CENTER

3500 W. Glendale Ave., Phoenix, AZ 85051

Primestor Development, Inc. purchased the Palm Glen Shopping Center, a ±175,686 square foot community center configured for multi-tenant retail use. This value add opportunity is anchored by a Food City grocery store; other national tenants include Wells Fargo, Dollar Tree, Aaron Rents, Little Caesart’s Pizza and Title Max. The center is currently 86.2% occupied. Palm Glen Shopping Center has excellent visibility along both Glendale Ave. and 35th Ave. and offers five means of ingress/egress: two along 35th Ave. and three along Glendale Ave.

ACQUISITION – SYLMAR TOWNE CENTER

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12651 Glenoaks Blvd., Sylmar, CA 91342

We have acquired Sylmar Towne Center, a ±148,236 square foot grocery-anchored neighborhood center. This stabilized property is anchored buy a new Food 4 Less market. Other national tenants include Bank of America, CVS and Big Lots. Sylmar Towne Center has excellent visibility along both Glenoaks Blvd. and Hubbard St. and is just west of I-210 in the San Fernando Valley.

Commercial Property Executive October Issue – Pioneer Spirit

Arturo Sneider

"At first glance, Plaza Pacoima Regional Shopping Center might seem interchangeable with scores of other retail properties that dot metropolitan Los Angeles. Located on West Paxton Street in Pacoima, a working-class community in Los Angeles’ San Fernando Valley, the property offers a Costco Wholesale Warehouse, a Best Buy and additional office and retail space. But in truth, Plaza Pacoima is a milestone disguised as a 203,000-square-foot power center."

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