Renovated Orange County shopping center trades
JLL Capital Markets arranged the sale of 23,314-square-foot The Row on Harbor in La Habra, California
ORANGE COUNTY, CA, May 3, 2023 – JLL Capital Markets announced today that it has closed the sale of The Row on Harbor, a 23,314-square-foot, newly renovated retail strip center located within Orange County in La Habra, California.
JLL worked alongside the seller, DMI Real Estate Group, and a 1031, all-cash buyer acquired the asset.
Renovated in 2020, The Row on Harbor is 100-percent-leased to fourteen tenants with primarily food and service uses with strong followings in the local community. Notable tenants include EggBred, AkaFuji, Furai Chicken, Bodhi Leaf Coffee Traders, Code Ninjas and Club Pilates.
The Row on Harbor is a first-class, daily needs retail center in the heart of Orange County situated at 1450-1478 S. Harbor Blvd. The property is located in a dense and affluent area of Orange County with average household incomes exceeding $140,000 within a one-mile radius. The Row benefits from direct access along the Harbor Blvd., which enjoys over 38,000 VPD. Harbor Boulevard is one of the major throughfares in Orange County, which promotes significant traffic to the center on a daily basis.
The JLL team advising the seller was led by Senior Director Daniel Tyner and Managing Directors Gleb Lvovich and Geoff Tranchina.
“It is very rare that high-quality strip centers in Orange County come to the market. We are pleased to have worked alongside the seller and look forward to continuing to watch this property perform at a high level for many years to come,” said Tyner.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment and sales advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
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About JLL
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $20.9 billion, operations in over 80 countries and a global workforce of more than 103,000 as of December 31, 2022. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.