CBRE, NRP-West Arrange Sale of Grocery-Anchored Shopping Center in Bakersfield
BAKERSFIELD, CALIF. — CBRE in conjunction with the National Retail Partners-West (NRP-West) team has brokered the sale of Riverlakes Village, a grocery-anchored shopping center in Bakersfield. Crow Holdings Capital Real Estate sold the 92,212-square-foot property to Phillips Edison Grocery Center REIT II for an undisclosed price.
At the time of sale, the center was 97 percent leased to a variety of tenants, including Vons, CVS/pharmacy, US Bank, Starbucks Coffee, Chipotle, Supercuts, Verizon Wireless, Carl’s Jr. and Bank of America.
Built in 1997, RIverlakes Villages consists of six parcels totaling 9.5 acres at the southeast corner of Coffee and Hageman roads.
Philip Voorhees, Preston Fetrow, Kirk Brummer, Jimmy Slusher, Megan Wood, Matt Burson, Sean Heitzler, James Tyrrell and John Read of CBRE and the NPR-West team represented the seller.