IRVINE, CA-TNP Strategic Retail Trust has been active in the acquisitions department and also in hiring. The company has acquired the 50,359-square-foot Topaz Marketplace in the Inland Empire city of Hesperia, the non-traded REIT’s ninth acquisition, and has added new management including regional vice president Anthony Bott and SVP Don Ferrari.
Stephen Corea, Thompson National Properties SVP of acquisitions, describes Topaz Marketplace as the premier retail center along the Main Street corridor of Hesperia, with a diverse tenant base, including grocery, medical, educational and service uses. "Topaz Marketplace enjoys favorable positioning along the border of a large residential consumer base. In addition, the property is on the 'Go Home' south side of Main Street, providing convenient access to customers," Corea said.
Constructed in 2008, Topaz Marketplace sits on just over six acres and situated on three separate land parcels. The retail center is 100% leased and anchored by Fresh & Easy Neighborhood Market. Other national and regional tenants include MetroPCS, DaVita Dialysis, Wood Grill Buffet and the Pizza Factory. Tenants have staggered lease expirations that range from 2018 to 2028. The property includes a 2,900-square-foot, fully improved, developable land parcel that may be ground-leased or developed in the future. Both TNP and the seller, Culver City, CA-based Hesperia Main Street LLC, were represented by president Rich Walter and senior managing director Nick Coo of Irvine-based Faris Lee Investments.
In its announcement regarding Bott, Thompson National said that he joined the company as a regional vice president, Northwest, effective Sept. 12. Christian Gabrielsen, TNP’s EVP and national sales manager, noted that Bott will be working “with many former colleagues” in his new post.
Before joining Thompson National Properties, Bott was vice president, sales and marketing at Caerus Hospitality, a limited liability company that invests in hotel properties in the southwestern US, where he executed selling agreements with top-tier independent broker dealers. Before that, he was senior internal wholesaler and an investor services representative at Grubb & Ellis Securities Inc., formerly NNN Capital Corp., a division of Triple Net Properties. Bott earned a bachelor of arts degree in economics at California State University, Fullerton and is a registered representative with the Financial Regulatory Authority holding Series 7 and 63 licenses.
Ferrari also joined the company effective Sept. 12 and “is the godfather of the wholesaling industry,” said Thompson National Properties' CEO, Tony Thompson. Ferrari started his career in the financial industry in 1960 at Dean Witter in San Francisco. From 1973 to 1995, he was president of Amador Financial Group, where he was a financial marketing consultant primarily focused on real estate in the alternative investment sector.
After Amador Financial Group, Ferrari was senior vice president at Grubb & Ellis Securities Inc., where he and his team raised more than $500 million through the independent broker dealer channel. Most recently, Ferrari was national marketing director at Caerus Hospitality.
Ferrari attended the University of California, Berkeley and is a registered principal with the Financial Regulatory Authority (FINRA) holding Series 1, 7, 24 and 63 licenses.
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