SIMI VALLEY, CA-The Orange County and Los Angeles offices of Holliday Fenoglio Fowler LP have been exclusively retained to market for sale Simi Valley Town Center, a newly-developed, trophy lifestyle center located off the 118 Freeway in Simi Valley, CA. HFF tells GlobeSt.com that it cannot comment on the price at this time.
The company did however point out that the 612,000-square-foot lifestyle center will be going out unpriced and is expected to “appeal to a broad investor base from top tier institutions to high net worth private investors.”
Developed by Forest City Enterprises, it is currently 86% occupied by 90 tenants and provides additional land for outparcel development. The center serves the affluent and growing community of Simi Valley, according to a prepared statement. “The average household income in Simi Valley exceeds $112,000 per year and the population has grown more than 12% over the past decade.”
HFF senior managing director Ryan Gallagher and directors Bryan Ley, Kelly Rohfeld and John Crump will market the property on behalf of the seller. GlobeSt.com’s query regarding the reasons for selling wasn’t answered by deadline.
The Simi Valley Town Center is located adjacent to the 500-unit Archstone Simi Valley apartment community and has a merchandising mix including: Macy’s, Apple, Anthropologie, Chico's, Coldwater Creek, California Pizza Kitchen, Forever XXI, Urban Outfitters and Victoria's Secret.
The center was designed by F+A Architects, and was modeled after a hillside Italian village with oak trees, a Koi pond, an outdoor fireplace and garden. F+A also designed such recognizable projects as Glendale Galleria and the internationally renowned South Coast Plaza in Costa Mesa.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
