Grocery Shopping.Regency Realty Corp. -- a leading owner, operator and developer of grocery-anchored shopping centers -- has sold two properties. The real estate investment trust sold its newly redeveloped Hawthorne Plaza Hawthorne Plaza is a partially abandoned shopping center along Hawthorne Boulevard between 120th and 128th Streets in Hawthorne, California. The 40-acre property opened in 1977 and included an indoor mall and free standing stores at the property's south end. shopping center in Hawthorne for $20 million to a group of local investors. The center is anchored by Albertson's and Say-on Drugs stores, with Taco Bell Taco Bell Corp., a subsidiary of Yum! Brands, Inc., is a Mexican-style quick service restaurant chain based in Irvine, California, United States. The restaurant has locations primarily in the United States and Canada, but also operates outlets in several other markets. , Starbucks, Hollywood Video and Athlete's Foot athlete's foot: see ringworm. athlete's foot Form of ringworm that affects the feet. In the inflammatory type, the infection may lie inactive much of the time, with occasional acute episodes in which blisters develop, mostly between the toes. as other tenants. The 104,000-square-foot center is located at Hawthorne and El Segundo El Segundo (ĕl sēgŭn`dō), industrial city (1990 pop. 15,223), Los Angeles co., S Calif., on Santa Monica Bay; inc. 1917. Its products include navigation and computer systems, aircraft parts, office machines, telephone apparatus, and boulevards on property that was formerly part of the Hawthorne Mall. Regency began a $17.3 million redevelopment project in 1998, creating the first shopping center built in the area in 20 years. Regency also sold a 3.63-acre parcel at the northwest corner of Long Beach Boulevard and San Antonio Drive in the Bixby Knolls area of Long Beach. Ralphs Grocery Co. bought the property for $8.5 million. Regency intended to develop the parcel, which it purchased last year, but decided instead to sell. Ralphs plans to open a new supermarket with gourmet delicatessen and bakery there. Richard Rizika of CB Richard Ellis CB Richard Ellis Group, Inc. NYSE: CBG is a multinational real estate corporation currently based in Los Angeles, California, U.S.A.. On December 20, 2006, the corporation, also known as CBRE, completed acquisition of Trammell Crow Co. in a transaction valued at $2. Inc. represented the buyer and seller in the Long Beach deal. |
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