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Wednesday, January 9, 2013

Family Trust Closes on $20M Acquisition in SoCal

The Howard L. Abel Family Trust closed before year-end on two acquisitions of retail centers located in Southern California for an aggregate $19.53 million, or approximately $364 per square foot. In the first sale, the Newport Beach investor paid $12.3 million ($336 psf) for a 36,654-square-foot retail center anchored by Starbucks and Chase Bank located at 17850-17870 Newhope St. in Fountain Valley. The seller was M&J FV Investment LLC. Please...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Family-Trust-Closes-on-$20M-Acquisition-in-SoCal/144616?ref=/News/Article/Family-Trust-Closes-on-$20M-Acquisition-in-SoCal/144616&src=rss

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