WOODLAND AND TULARE, CALIF. — John DuBois, Jon Gianulias and Mark Denholm of CB Richard Ellis have completed three separate shopping center transactions in California. The team represented the seller of Gibson Shopping Center in Woodland. Built in 2004, the 88,201-square-foot center is anchored by Bel Air supermarket. Dean Copans of Marcus & Millichap represented the undisclosed seller. The acquisition price was not disclosed.
Additionally, the team represented a joint venture lead by Kimco in the disposition of The Shops at Bakersfield and Heritage Place in Tulare. A local investor purchased The Shops at Bakersfield. Built in 1977, the two-building, value-add 14,000-square-foot property sold for an undisclosed price. Anchored by a SaveMart, Rite Aid and Dollar Tree, the 120,000-square-foot Heritage Place was constructed in 1985. Cyrus Neek represented the undisclosed buyer. The acquisition price was not disclosed.