Big 5 Plaza in Cerritos Sells for $4.6M

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REBusiness Online

LOS ANGELES, CALIF. — Knollwood Plaza, a 23,922-square-foot shopping center in the Los Angeles submarket of Granada Hills, has sold to a private Los Angeles investor for $10.5 million. The center is located at 11846-11862 Balboa Blvd. It is fully occupied by tenants like Starbucks, Curves, Pacific Dental, State Farm Insurance, The UPS Store and a Bank of America ATM. The buyer was represented by Alex Needleman of Rosano Partners. The seller, Knollwood Balboa L.P., was represented by Edward B. Hanley and William B. Asher of Hanley Investment Group.

CERRITOS, CALIF. — Big 5 Plaza, a 15,568-square-foot retail center in Cerritos, has sold to a private Vernon investor for $4.6 million. The plaza is located at 11310-11360 183rd Street. It is anchored by Big 5 Sporting Goods. The fully leased center is also home to Subway, Castlehead Escrow and Providence Speech and Hearing. Edward B. Hanley and Jeremy McChesney of Hanley Investment Group represented both the buyer and seller, a private Los Angeles investor, in this transaction.