Cerritos Towne Center — Sale in Cerritos, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Cerritos, CA 90703
  • Size: 518,049 SF

Description

The Newmark Retail Capital Markets Team is pleased to offer for sale Cerritos Towne Center (“Property”) is a 518,049 square foot regional shopping center prominently located at the southeast corner of the Artesia (91) Freeway and Bloomfield Avenue in the city of Cerritos. This super regional shopping center, originally completed in 1994, is one of the largest and most dominant projects serving the affluent Cerritos sub-market. The shopping center is patronized by an affluent customer base of over 611,000 residents, with average household incomes exceeding $130,000 per year as well as a built-in daytime consumer base from the one million square foot adjacent office campus. Cerritos Towne Center is part of the 125-acre Cerritos Towne Center master planned campus that includes over 1,000,000 SF of Class A office space, a 203 room Sheraton Hotel, and a 1,800-seat performing arts center. The Property offers a well-balanced mix of grocery, discount, soft goods, retail, restaurant, and service-oriented tenants. The diverse mix of high-quality tenants in a sophisticated setting provides shoppers with an exceptional retailing and dining experience. Cerritos Towne Center is regionally accessible from the Artesia (91) Freeway via the Bloomfield Avenue on/off ramp feeding into the project via Towne Center Drive and is a major arterial feeding into the higher income neighborhoods to the west. The center offers excellent ingress and egress with exceptional identity and exposure. The Property has over 1,600 linear feet of frontage along the Artesia (91) Freeway with major tenant signage and multiple pylon signs. Given the sheer scale, centralized location, tenant sales performance, and dominant anchor line-up, Cerritos Towne Center is well-positioned to continue to be regarded as the top option for tenants looking to relocate or expand in this submarket.

Market Context

This retail in Cerritos, CA is listed for sale across 518,049 SF. It has been on the market for 54 days. Compare it against other retail listings for sale in Cerritos, CA — view the full market.

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