FOUNTAIN VALLEY, CA—Colliers International has negotiated the $25.9 million sale of a 6.5-acre site in Fountain Valley that houses a Curacao Department Store.
The buyer, Spirit Realty Capital, is a publicly traded real estate investment trust (REIT) based in Scottsdale, AZ, while Santa Ana-based Red Mountain Asset Fund II, was the seller. Both firms have extensive property holdings in several property categories, including single-tenant retail sites like the Curacao location.
The brokerage company is calling this the first sales transaction on the open market of a single-tenant site involving the successful retailer that caters to the Hispanic consumer.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
