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East Coast-Based Investor To Shed L.A. Retail Site

ALHAMBRA, CA-According to a source, the institutional investor is selling the five-parcel 180,875-square-foot site because of the ‘tremendous amount of liquidity chasing value added deals in the marketplace.’

By Natalie Dolce | Updated on March 06, 2012

(Mark Your Calendars: RealShare REAL ESTATE 2012, March 22nd in Los Angeles).

ALHAMBRA, CA-GlobeSt.com has learned that Wilson Commercial Real Estate has been retained by an East Coast-based institutional investor to market Alhambra Place, a 10.1-acre retail site at Main Street and Garfield Avenue in this San Gabriel Valley submarket. Although Wilson Commercial Real Estate could not disclose the specific identity of the seller, senior vice president Geoff Tranchina tells GlobeSt.com that the seller chose to sell because of the “tremendous amount of liquidity chasing value added deals in the marketplace” that would be able to attract a “substantial amount of interest in Alhambra Place.”  

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