CBRE Arranges $85M Sale of Buena Park Regional Mall

by Nellie Day

BUENA PARK, CALIF. — CBRE Group Inc. has arranged the $85 million sale of Buena Park Downtown, a 535,000-square-foot regional mall.

Philip Voorhees of CBRE represented the seller, Coventry Real Estate Advisors, and Timothy Bower and Johnny Choi of CBRE represented the buyer, Newkoa LLC, in the transaction. The mall was 93 percent leased at the time of sale to tenants including DSW, TJ Maxx, Bed Bath & Beyond, 24 Hour Fitness and Metroplex Theaters.

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