Newport Beach, CA - Sells Gilroy Crossing, Gilroy, California
, a market leading investment real estate brokerage firm, announced today the sale of Gilroy Crossing, Gilroy, CA, for a price of $86,000,000. The Property is a Retail Power Center, anchored by Target, Kohl's, Sportmart, Ross Dress for Less, Bed Bath & Beyond, Michaels, Barnes & Noble, PetsMart, Pier 1 Imports and Beverages & More. Located at the Southeast Quadrant of Highway 101 and Highway 152, the Property totals 479,971 square feet of which 325,431 square feet were included as a part of the sale.
exclusively represented the interests of the Seller, Gilroy Crossing Center, LLC and procured the Buyer, Lakha Properties-Gilroy, LLC. Gilroy is the fastest growing community in the Silicon Valley, expecting its population to increase 33.3% by 2010.