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Anaheim Retail Center Fetches $20.4 Mil

ANAHEIM, CA-Pan Pacific Retail Properties acquires the 181,000-sf Brookhurst Center, which was 99% leased at the time of sale. Recent research points to continued investment interest in the Orange County retail sector, despite a slight rise in vacancies predicted for the months ahead.

By Erin Cassin | Updated on December 09, 2001

ANAHEIM, CA-Anaheim’s 181,000-sf Brookhurst Center is now under new ownership, as Pan Pacific Retail Properties has acquired it.

The San Diego-based company has paid $20.4 million for the retail complex. Located at the corner of Brookhurst Street and Ball Road, the shopping center was 99% leased at the time of sale. Major tenants here include Rite Aid and Ralphs.

Pan Pacific Retail Properties was represented by Dixie Walker and Michael Randall of Grubb & Ellis Co.’s retail investment group. Walker and Randall also represented the seller, an unnamed private family trust.

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