Los Angeles — A private buyer has acquired Huntington Plaza, a 57,148-sq.-ft. shopping center in Monrovia, Calif., in the San Gabriel Valley. Anchored by Sprouts Farmers Market and Walgreens, the center was 96% leased at the time of the sale. The tenant roster includes McDonald’s, Jersey Mikes, Flame Broiler, Great Clips and Pacific Dental.
The owner engaged Studley and Colliers International to offer the property for sale. The two companies have jointly handled the leasing of Huntington Plaza for more than six years.
Studley and Colliers initiated an accelerated two-week marketing campaign in order to meet the seller’s specific timing requirements without sacrificing pricing thresholds. The effort brought in 19 offers, representing both private and institutional buyers. Real Estate Po0rfolio Specialists represented the successful buyer.