News Summary
Vista Emerald, a real estate investment firm, has acquired Pique at Angel Stadium for $11.3 million. The fully leased 15,710-square-foot retail center, formerly The Shops at Stadium Towers, features a mix of eight tenants and is strategically located near Angel Stadium. This acquisition reflects a trend toward multi-tenant retail centers in key commercial areas like Anaheim, especially as the retail market adapts to evolving consumer habits.
Anaheim, California – Vista Emerald, a real estate investment firm based in Encinitas, has successfully acquired Pique at Angel Stadium for $11.3 million. This 15,710-square-foot multi-tenant retail center is strategically located near the iconic Angel Stadium, solidifying its appeal in one of California’s thriving retail markets.
Previously known as The Shops at Stadium Towers, the property was constructed in 2006 and occupies 2.2 acres. At the time of the transaction, Pique was fully leased to a diverse lineup of eight tenants, which includes notable names such as 714 Tickets, Aleppo’s Kitchen, Comerica Bank, LAMILL Coffee, Lolas by MFK, and Non’s Vietnamese Kitchen. This diverse tenant mix contributes to the center’s robust commercial vitality.
The retail center boasts 150 parking spaces along with 16 Tesla Superchargers, catering to the increasing electric vehicle market and enhancing customer convenience. Additionally, the site is equipped with prominent pylon street signage to maximize visibility for its tenants.
Details of the Transaction
The seller, a private investor based in Los Angeles, was represented in this transaction by Lee Csenar and Ed Hanley from Hanley Investment Group Real Estate Advisors. On the other side of the deal, Omar Hussein of Beacon Realty Advisors represented Vista Emerald, facilitating the acquisition process.
This acquisition reflects a growing trend in California’s retail real estate sector, highlighting a renewed interest in multi-tenant retail centers, particularly those located in key commercial areas like Anaheim. The area’s proximity to major attractions, including the Angel Stadium, adds to its desirability for both tenants and investors alike.
Background on Pique at Angel Stadium
Pique at Angel Stadium, originally built over a decade ago, has maintained its relevance in an evolving retail landscape. Its appeal is bolstered not only by its well-established tenants but also by the comprehensive amenities it offers. The center is designed to cater to a variety of consumer needs, contributing to a lively shopping experience in a prime location.
Furthermore, the recent acquisition showcases Vista Emerald’s commitment to expanding their portfolio in key markets and adapting to current retail trends. As consumer shopping habits continue to change, investments in well-positioned retail centers like Pique are likely to become increasingly important for retail investors.
Overall, this purchase marks an important step for Vista Emerald and underscores the significant activity in California’s retail real estate market as firms seek to capitalize on established sites with existing tenant contracts. The successful acquisition of Pique at Angel Stadium is indicative of the broader retail trends observed across the region.
Deeper Dive: News & Info About This Topic
HERE Resources
Pique Retail Center in Anaheim Sold for $11.3 Million
Riley Greene Makes MLB History with Two Home Runs in Ninth Inning
Additional Resources
- Rebusiness Online: Vista Emerald Acquires Multi-Tenant Shopping Center
- Google Search: Anaheim shopping center acquisition
- MDM: Aeromed Acquired by Fellow Group in Anaheim
- Wikipedia: Anaheim
- PE Hub: Capitalspring to Acquire Manufacturer Coast Sign
- Encyclopedia Britannica: Anaheim
- Yield Pro: Pearson Gardens
- Google News: Anaheim real estate news
Author: Anaheim Staff Writer
Anaheim Staff Writer The Anaheim Staff Writer represents the experienced team at HEREAnaheim.com, your go-to source for actionable local news and information in Anaheim, Orange County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as major conventions at the Anaheim Convention Center, including NAMM and VidCon, exciting games at Angel Stadium and Honda Center, and developments at Disneyland Resort Our coverage extends to key organizations like the Anaheim Chamber of Commerce and Visit Anaheim, plus leading businesses in hospitality, entertainment, and innovation that power the local economy As part of the broader HERE network, including HERECostaMesa.com, HEREHuntingtonBeach.com, HERESantaAna.com, and HERELosAngeles.com, we provide comprehensive, credible insights into Southern California's dynamic landscape.
