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CERRITOS, CALIF. — CenterCal Properties has purchased Cerritos Best Plaza, a 357,220-square-foot, open-air shopping center, for $61.8 million. The plaza is located at the corner of 183rd & Gridley in Cerritos. It is currently 85 percent leased. Notable tenants at the center include Burlington Coat Factory, Big Lots, Guitar Center and Easy Life Furniture.
CenterCal was represented by Geoff Tranchina and Jason Gribin of Wilson Commercial Real Estate. Deborah Collins of The Collins Co. represented the unnamed seller.