StratReal Manages Two Rodeo After $275M Sale

BEVERLY HILLS, CA-Strategic Real Estate Advisors Ltd. of London has signed on as asset manager of the 129,000-sf Two Rodeo retail center under new owner Sloane Capital, an Irish firm headed by horseracing tycoons John Magnier and J.P. McManus that recently acquired the trophy retail property from a European family trust for $275 million. Pierre Rolin, chairman and chief executive of StratReal, tells GlobeSt.com that the new owners signed his firm to a five-year program as exclusive asset manager, continuing the asset manager role that StratReal has held at Two Rodeo since 2000.

StratReal, which is asset manager of a $7-billion US real estate portfolio, in turn has retained CB Richard Ellis to assist the London-based firm with leasing and property management. As reported on GlobeSt.com this week, Strategic Real Estate Advisors acted as real estate investment adviser to the seller in the sale of Two Rodeo, which is home to Tiffany & Co. and other high-end retailers.

The buyer was represented by Steve Algermissen and Andrew Harper from Cushman & Wakefield’s Southern California capital markets group, along with Ashley Marrison from Cushman & Wakefield’s London office. The seller was also represented by Falcon Real Estate of San Diego.