In late November, Colliers announced the sale of El Monte Shopping Plaza, located at 8841 N. 19th Ave., to Lena Centers, a division of Longpoint – a Boston-based investor. The grocery-anchored shopping center was 99 percent leased by ASI Real Estate at the time of sale with 15 tenants.
“El Monte was originally built as a grocery-anchored center in 1962,” said Mindy Korth, executive vice president with Colliers. “Since then, for more than 60 years, the center has been continuously serving its community as a grocery-anchored center, maintaining excellent occupancy.”
Korth and JK Jackson with Colliers in Phoenix worked in conjunction with El Warner and Caitlin Zirpolo of Colliers in Irvine, CA to handle the sale, which included approximately 101,269 square feet of retail space on an 8.8-acre site…