
Shopoff previously acquired the Mall’s 14-acre former Sears building in July 2022.
Westminster, CA – August 29, 2022 – Shopoff Realty Investments (“Shopoff”), announced today the acquisition of an 11.9-acre parcel of Westminster Mall, in Westminster, California, which includes an operating department store. The $49 million purchase was a sale, with a lease back to the seller.
Shopoff previously purchased a 14.1-acre parcel of Westminster Mall, including a now-vacant former Sears store, in July 2022. The property was purchased for $46.3 million from Seritage Growth Properties.
“This purchase provides a very unique opportunity for our firm, as we now own a 26-acre piece of real estate in coastal Orange County, a significantly high-barrier-to-entry market,” explained Shopoff President and CEO William Shopoff. “Under the lease-back agreement, Macy’s will continue to operate its existing retail location in the space, and we will continue to work with the City of Westminster on the redevelopment of this property.”
The Westminster Mall houses approximately 1.3 million square feet of retail on approximately 90 acres, anchored by Target, JCPenney and Macy’s. The site features direct freeway access to I-405 and is located in a central area of the county, surrounded by various residential development that provides a steady customer base for the property. It is also only a 15-minute drive from Huntington State Beach, 7.5 miles from Knott’s Berry Farm, 12 miles from the Irvine Business Complex, and less than 13 miles from the Port of Long Beach.
Mavik Capital Management, an opportunistic investment firm, provided $20 million in strategic financing in connection with the acquisition as well as Shopoff’s earlier acquisition of the former Sears store. Hankey Capital, a bridge lender based in Los Angeles, provided senior financing for the initial acquisition for the planned redevelopment of this portion of the Westminster Mall. Mark Strauss and Rob Quarton with Walker & Dunlop’s Irvine office procured the senior debt on behalf of the sponsorship. Lee Aarons with Land Advisors Organization’s Century City office represented Shopoff Realty Investments in the acquisition of the property.
About Shopoff Realty Investments
Shopoff Realty Investments is an Irvine, California-based real estate firm with a 30-year history of value-add and opportunistic investing across the United States. The company primarily focuses on proactively generating appreciation through the repositioning of commercial income-producing properties and the entitlement of land assets. The 30-year history includes operating as Asset Recovery Fund, Eastbridge Partners and Shopoff Realty Investments (formerly known as The Shopoff Group). Performance has varied in this time frame, with certain offerings generating losses. For additional information, please visit www.shopoff.com or call (844) 4-SHOPOFF.
Disclosures
This is not an offering to buy or sell any securities. Such offer may only be made through the offerings memorandum to qualified purchasers. Any investment in Shopoff Realty Investments programs involves substantial risks and is suitable only for investors who have no need for liquidity and who can bear the loss of their entire investment. There is no assurance that any strategy will succeed to meet its investment objectives. The performance of this asset is not indicative of future results of other assets. Securities offered through Shopoff Securities, Inc. member FINRA/SIPC, 18565 Jamboree Road, Suite 200, Irvine, CA 92612, (844) 4-SHOPOFF.
This is the perfect blog for everyone who would like to find out about this topic. You know so much its almost hard to argue with you (not that I really would want to…HaHa). You certainly put a fresh spin on a subject that’s been discussed for a long time. Great stuff, just great.
Your point of view caught my eye and was very interesting. Thanks. I have a question for you.
Химчистка мебели от профессионалов Качественные услуги от Городской химчистки обеспечат вам устранение загрязнений на любом виде мебели. Химчистка диванов, кресел и стульев проводится с использованием современных методов и эффективных составов . Мы обеспечим качественное удаление мочи и сложных загрязнений . Услуги химчистки для вашего дома и офиса обеспечивают комфорт и оперативность . Обработка ковровых покрытий и ковролина выполняется с гарантией безопасного результата . Наши специалисты бережно относятся к каждой детали. Химчистка мебели на сайте gorodhim.ru – это удобный и быстрый способ вернуть мебель к жизни . Удаление сложных пятен и запахов проходит с максимальной тщательностью. Доверьте свою мебель профессионалам из gorodhim.ru .
Superb website you have here but I was curious if you knew of any forums that cover the same topics talked about in this article? I’d really like to be a part of online community where I can get responses from other knowledgeable people that share the same interest. If you have any recommendations, please let me know. Appreciate it!
Your article helped me a lot, is there any more related content? Thanks!
I’m pretty pleased to uncover this website. I need to to thank you for your time for this fantastic read!! I definitely enjoyed every bit of it and i also have you bookmarked to see new things in your web site.
I am really impressed with your writing skills as well as with the layout on your weblog. Is this a paid theme or did you customize it yourself? Either way keep up the excellent quality writing, it’s rare to see a nice blog like this one today..
Introducing to you the most prestigious online entertainment address today. Visit now to experience now!
Merely wanna comment on few general things, The website style and design is perfect, the content is rattling good : D.
|Hello to all, for the reason that I am actually keen of
555
Simply desire to say your article is as surprising. The clarity in your post is just cool and i can assume you are an expert on this subject. Well with your permission let me to grab your feed to keep updated with forthcoming post. Thanks a million and please keep up the enjoyable work.
|Tato stránka má rozhodně všechny informace, které jsem o tomto tématu chtěl a nevěděl jsem, koho se zeptat.|Dobrý den! Tohle je můj 1. komentář tady, takže jsem chtěl jen dát rychlý
Thanks for ones marvelous posting! I definitely enjoyed
reading it, you may be a great author.I will make certain to
bookmark your blog and will come back sometime soon. I want
to encourage you to definitely continue your great job, have a nice morning!
Feel free to surf to my site :: nordvpn coupons inspiresensation
Your article helped me a lot, is there any more related content? Thanks!
nordvpn 350fairfax
Quality articles is the secret to invite the users to pay a
visit the web site, that’s what this web page is providing.
Here is my web site nord vpn coupon codes
Your point of view caught my eye and was very interesting. Thanks. I have a question for you.
Rastreador de teléfono celular – Aplicación de rastreo oculta que registra la ubicación, SMS, audio de llamadas, WhatsApp, Facebook, fotos, cámaras, actividad de Internet. Lo mejor para el control parental y la supervisión de empleados. Rastrear Teléfono Celular Gratis – Programa de Monitoreo en Línea.
Howdy just wanted to give you a brief heads up and let you know a few of the pictures aren’t loading properly. I’m not sure why but I think its a linking issue. I’ve tried it in two different browsers and both show the same outcome.
grupo do facebook? Há muitas pessoas que eu acho que iriam realmente
for the reason that here every material is quality based
There also are some TV shows and radio programs you might check out to get some of the best stock tips.
sex nhật hiếp dâm trẻ em ấu dâm buôn bán vũ khí ma túy bán súng sextoy chơi đĩ sex bạo lực sex học đường tội phạm tình dục chơi les đĩ đực người mẫu bán dâm
Thanks for sharing. I read many of your blog posts, cool, your blog is very good.
You may not be ready to suit your queen-measurement bed by a narrow passageway in a rambling previous farmhouse or a cottage.
Great tremendous issues here. I?¦m very glad to look your article. Thank you a lot and i am having a look ahead to contact you. Will you kindly drop me a mail?
Howdy! I simply would like to offer you a big thumbs up for the excellent information you’ve got right here on this post. I will be coming back to your site for more soon.
Hi there superb blog! Does running a blog like this take a greatdeal of work? I’ve virtually no expertise in programming but I had been hoping to start my own blog in the near future.Anyhow, should you have any ideas or techniques fornew blog owners please share. I know this is off subject nevertheless I simply needed to ask.Thank you!
On the one hand, the adoption of Dutch mores by the Surinamese individuals has afforded them extra privileges than different immigrants; “they are treated more favorably” (Eddy Emmanual).
Hello there! I could have sworn I’ve visited this website before but after browsing through a few of the articles I realized it’s new to me. Anyhow, I’m definitely pleased I discovered it and I’ll be book-marking it and checking back often!
Do you have a spam issue on this site; I also am a blogger, and I was curious about your situation; many of us have created some nice practices and we are looking to swap techniques with other folks, why not shoot me an email if interested.
This post was exactly what I needed to read today Your words have provided me with much-needed clarity and reassurance
Many people might hold back from forming shut relationships out of worry of getting damage.
Can you be more specific about the content of your article? After reading it, I still have some doubts. Hope you can help me.
555
Can you be more specific about the content of your article? After reading it, I still have some doubts. Hope you can help me.
Thanks for sharing. I read many of your blog posts, cool, your blog is very good.
Thanks for sharing. I read many of your blog posts, cool, your blog is very good.
I must thank you for the efforts you’ve put in writing this blog. I’m hoping to see the same high-grade blog posts from you later on as well. In truth, your creative writing abilities has inspired me to get my very own blog now 😉
Your faith in us is our top priority. That’s why we conduct our serviceswith complete transparency and dedication to your case.Experience the relief of seeing your funds returned with ourexpert services.
I always emailed this web site post page to all my contacts, for the reason that iflike to read it afterward my friends will too.
Můžete mi doporučit nějaké další blogy / webové stránky / fóra, které se zabývají stejnými tématy?
I love what you guys are up too. This kind of clever work and reporting! Keep up the awesome works guys I’ve you guys to my blogroll.
bilgilendirmeler güzel
Can I simply say what a aid to seek out someone who really is aware of what theyre speaking about on the internet. You positively know tips on how to bring a difficulty to mild and make it important. More folks have to learn this and understand this aspect of the story. I cant consider youre not more popular since you undoubtedly have the gift.
I was extremely pleased to find this web site. I want to to thank you for ones time just for this wonderful read!! I definitely really liked every bit of it and i also have you book marked to look at new things in your blog.
長年にわたる先住民の同化政策の結果、先住民の言語を話せる人口は非常に少なくなっており、十分な保護政策も取られておらず、多くが消滅の危機に瀕している。尚、アメリカ合衆国での結婚制度は州によって異なっているが、多くの州は男女ともに18歳を婚姻適齢としている。特徴: 「3D METABOOTH」は、アバターを利用して3D仮想空間内で展示会を開催できるプラットフォームで、多彩なカスタマイズオプションがあります。 かなりの初期投資になりますが、今後はオンライン展示会などバーチャルイベントでの営業活動が重要な場になってくることを見越しての投資と考えるなら、必要な金額ともいえるでしょう。
på grund af denne vidunderlige læsning !!! Jeg kunne bestemt virkelig godt lide hver eneste lille smule af det, og jeg
meget af det dukker op overalt på internettet uden min aftale.
apreciariam o seu conteúdo. Por favor, me avise.
مرحبًا، أعتقد أن هذه مدونة ممتازة. لقد عثرت عليها بالصدفة ;
https://semaglupharm.com/# Semaglu Pharm
http://semaglupharm.com/# Semaglu Pharm
http://semaglupharm.com/# SemagluPharm
Hi friends! Appreciate the splendor in each moment. The world is brimming of blessings.
https://semaglupharm.com/# SemagluPharm
LipiPharm atorvastatin normal dose can i stop taking lipitor
Lipi Pharm: atorvastatin online – LipiPharm
rybelsus near me: Semaglu Pharm – Rybelsus side effects and dosage