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Trust Pays $22.7 Mil for Retail Center

HAWTHORNE, CA-The private Barros Family Trust acquires South Bay's 98,004-sf Hawthorne Plaza, as supermarket-anchored projects continue to be a bright spot in the otherwise lackluster market for retail property.

By David W. Myers | Updated on December 13, 2001

HAWTHORNE, CA-A family trust has paid nearly $22.7 million for a retail center here in this South Bay community, the latest in a series of transactions that finds Southern California investors increasingly attracted to supermarket-anchored facilities over other types of retail properties.

The 98,004-sf project, known as Hawthorne Plaza, stands at 12620-12770 Hawthorne Blvd. It was acquired by the private Barros Family Trust.

The trust was represented in the transaction by Carlos Diaz and Joseph Miller of CB Richard Ellis’ Anaheim office. The seller, California partnership Hawthorne Plaza LLC, was represented by Dean Curci of CapRate Properties.

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