Newport Beach, CA - Sells Avenue of the Peninsula, Rolling Hills Estates, California
, a market leading investment real estate brokerage firm, announced today the sale of Avenue of the Peninsula, Rolling Hills Estates, CA, for a price of $95,530,000. The Property is a Lifestyle Shopping Center, anchored by Borders, Regal Cinemas, Equinox, Restoration Hardware, The Sharper Image, Pottery Barn, Abercrombie & Fitch, Ann Taylor, Gap, Williams-Sonoma, Talbots, J. Jill, J. Crew and Banana Republic. Located on Silver Spur Road between Hawthorne and Crenshaw Boulevards, the property totals 377,347 square feet of Gross Leasable Area.
The Seller was Cousins Properties Incorporated, Atlanta, GA and the Buyer was Stoltz Real Estate. Rolling Hills Estates is in one of the most affluent residential areas in the nation. The Average Household Income within a three mile radius of the property is $136,803.