3/14/2008

Regency Centers retail property on the market for $15.49M

by

The Vine at Castaic

The Vine at Castaic, a newly built shopping center in the Los Angeles suburb of Castaic, Calif., has been placed on the sales block with an asking price of $15.49 million.

Donald MacLellan and Richard Walter of Faris Lee Investments have been hired to market and sell the 30,235 square foot retail center on behalf of the seller, a Regency Centers partnership.

Completed in 2007, The Vine at Castaic is located on Lake Hughes Road in Castaic, a town located roughly 39 miles from downtown Los Angles. The retail center is situated on 3.53 acres and contains a mix of retailers including Starbucks, Kragen Auto Parts, El Pollo Loco, Popeye's and Wienerschnitzel.

A 35-year veteran of the real estate business, Walter was recently featured in crefeed.com's Five Questions With...

Address: Lake Hughes Road, Castaic, Calif.

Size: 30,235 square feet

Built: 2007

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Filed Under: Retail

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