Near Los Angeles County in Santa Clarita, Spirit Properties executed a tailored disposition strategy by selling nearly 120,000 sq ft of retail parcels at Centre Pointe Marketplace to two separate buyers. One buyer was a real estate investment trust expanding its retail holdings, and the other was a private firm making its first retail acquisition. This approach allowed the seller to capture tailored pricing and attract different investor types. Selling in parcels rather than as one large asset can broaden the buyer pool and maximize returns, a tactic worth considering for owners of larger retail holdings. See full article here.
