CBRE facilitated the $35.6-million sale of the Cerritos Towne Center portfolio, encompassing 328,840 square feet across three addresses: 12750 Center Ct., 17785 Center Ct. and 17871 Park Plaza in Cerritos. Nome Capital Partners acquired the property.
CBRE’s Mark Shaffer, Anthony DeLorenzo, Sean Sullivan, Grant Goldman, Mike Longo and Melissa Moock, along with Colliers’ Todd Tydlaska, advised the receiver, Ryan C. Baker of Verax Business Group. Greg Grant and Pete Obradovich from CBRE’s Debt & Structured Finance practice secured the buyer’s acquisition loan.
“By deploying a comprehensive marketing campaign, we generated significant interest, including a robust number of first-round offers for the ground-lease of the portfolio, which drove a highly competitive, multi-round bid sales process,” said Goldman. “This strategy successfully leveraged market demand to secure premium pricing for the asset.”
The property boasts a highly diversified rent roll, with 87% occupancy leased to a mix of government, finance, healthcare and professional service tenants.
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