REZA Closes $150 Million in Just 45 Days
REZA Investment Group Inc. is pleased to announce the sale of Whole Foods at Bellevue Center located at 465 South Arroyo Parkway in Pasadena, California. The asset is the region's flagship store and the largest Whole Foods Market location in the Western United States. The new two story, 76,770 square foot store is situated in the heart of Pasadena, one of Southern California's most sought after retail districts, and blends the concept of in-store dining with a supermarket. Founded in 1980, Whole Foods Market is now the world's leading retailer of natural and organic foods, with more than 265 stores in North America and the United Kingdom. REZA Investment Group represented Ekstrand Enterprises in the sale, a premier real estate development firm based in Southern California. A private Southern California Trust acquired the property for $54 Million.
"With its irreplaceable location bordering the prestigious retail market of historic Old Town Pasadena combined with the world's #1 natural foods chain, this asset will provide long-term value for the buyer. Over the past 45 days, our closed transactions have totaled approximately $150 million indicating the significant amount of equity in the market despite the volatile conditions of today's capital market environment."
- Reza Etedali, CEO and Founder of REZA Investment Group Inc.
REZA Investment Group was pleased to cooperate with Charles Dunn Company who represented the buyer.
About REZA Investment Group Inc.
REZA Investment Group, Inc. is the premier retail investment advisory firm with a multibillion dollar transaction track record. We focus all of our resources exclusively on shopping centers and retail investment properties. Our transaction history ranges from high profile malls to neighborhood shopping centers. Both our business model and transactions have been nationally recognized.