Retail

OXNARD, CALIF. — NKF Capital Markets has arranged the sale of Esplanade Shopping Center, a regional shopping center located at 195 W. Esplanade Drive in Oxnard. Brixmor Property Group sold the property to G&I IX Esplanade Property LP for undisclosed price. At the time of sale, the 488,867-square-foot property was 92.3 percent occupied. Current retailers include Nordstrom Rack, Walmart Neighborhood Market, T.J. Maxx, Staples, Dick’s Sporting Goods, Cost Plus World Market and The Home Depot. Restaurants include BJ’s Restaurant, Blaze Pizza, In-N-Out Burger, Pick Up Stix, Jamba Juice and Starbucks Coffee. Bill Bauman, Kyle Miller and Matthew Schwartz of NKF Capital Markets represented the seller. Additionally, NKF’s David Milestone and Brett Green secured financing for the buyer in the transaction.

SAN DIEGO — CBRE has negotiated the sale of a retail building, located at 2801-2811 University Ave. in San Diego’s North Park submarket. Sally K. Butcher, special trustee of Donald L. Butcher and Sally K. Butcher Trust, sold the property to Cahuenga Lofts LLC for $4 million. Joel Wilson, Reg Kobzi and Michael Peterson of CBRE’s San Diego office represented the seller, while Cory Stehr of Lee & Associates represented the buyer in the deal. The Mission North Park, a breakfast and lunch restaurant, and Fido & Co. Canine Country Club, a dog daycare and grooming salon, occupy the two-tenant, 9,000-square-foot retail property.