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Tuesday, May 17, 2022

CRE Awards 2020: Best Retail Sale

Vital Statistics

Property Address: Plaza Pacoima

Square Footage: 203,000

Deal Value: $51.3 million

The Newmark Knight Frank team’s largest Los Angeles area sale in 2019 was the sale of Plaza Pacoima for $51.3 million. NKF represented the seller Federal Realty and the buyer Blackstone in the sale of this 203,000 square foot shopping center located at 13550 Paxton Street in Pacoima. The center was anchored by Costco and Best Buy.

Vital Statistics

Property Address: 15424 W Sunset Blvd, Los Angeles

Square Footage: 29,747

Deal Value: $51 million

Brian Ley and his team at JLL accomplished this historic purchase in an extremely desirable location, where property tends to stay with the same owners for a very long time.

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