Arroyo Parkway Acquires Whole Foods Market-Occupied Retail Building in Pasadena, California

PASADENA, CALIF. — The Arroyo Parkway LLC, a Pasadena-based investment group, has purchased a retail building and two acres of adjoining land in Pasadena from a private family trust for more than $100 million in an off-market transaction.

Whole Foods Market has occupied the 80,000-square-foot retail building since it was built in 2007. The assets are located at 465-577 Arroyo Parkway.

David Ickovics of Commercial Asset Group represented the seller, while the buyer was self-represented in the transaction.