GLENDALE, CALIF. — Burbank, Calif.-based Glendale Square Holdings LLC has purchased Glendale Square, a 46,196-square-foot shopping center located at 1010 N. Glendale Ave. in Glendale. Glendale Square LLC, also known as Placentia, Calif.-based FKC Properties Inc., sold the grocery-anchored property for $19.5 million or $422 per square foot. Built in 1994, the center was 93 percent occupied at closing with a variety of tenants, including Ralphs, AIM Mail Center, Allstate Insurance, Baskin-Robins, Curves for Women, Sylvan Learning and Subway. Alan Krueger and Richard Longobardo of Marcus & Millichap’s Ontario, Calif., office represented the buyer; Edward Hanley and Eric Wohl of Hanley Investment Group Real Estate Advisors, along with Michael Hefner of Voit Commercial Brokerage, represented the seller in the transaction.
Glendale Square Holdings LLC has acquired Glendale Square, a 46,196-square-foot, grocery-anchored shopping center in Glendale, Calif., for $19.5 million.
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