Major Tenants: Superior Grocers, CVS, O'Reilly Autoparts, El Pollo Loco, Chase
Representation: Buyer
Closed Price: $30,000,000.00
Tom Nguyen represented the Buyer in the Park Plaza on Maine – an established grocery shadow-anchored neighborhood shopping center that encompasses 94,093 (approximate) square feet of retail space in the densely populated San Gabriel Valley city of Baldwin Park, CA. The property is anchored by a 56,015 square foot Superior Grocer and Family Dollar (both not a part of the offering). Established in 1981, Superior Grocers is a dominant Hispanic grocery operator and operates over 45 locations across Southern California. The company is one of the largest independently-owned chains of grocery stores in Southern California, and provides high quality products at low prices with exceptional customer service. The inclusive collateral features national tenants CVS Pharmacy and O’Reilly Auto Parts. Additional national and regional tenants within the property include Chase Bank (freestanding pad), El Pollo Loco (freestanding pad), Subway, Little Caesars Pizza, Waba Grill, Menchie’s Frozen Yogurt, Boost Mobile, Metro PCS, GNC, and Check ‘n Go.
