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Friendly Hills Marketplace Sells for $40M

Whittier Shopping Center Sold
January 30, 2018
Golden Capital Whittier LLC has purchased the Friendly Hills Marketplace at 15235-15309 Whittier Blvd. in Whittier, CA for $40 million, or about $445 per square foot, from Oppidan Investment Company.

Built in 2017, the Friendly Hills Marketplace totals 89,826 square feet and sits on 7.7 acres in the Southeast Los Angeles submarket. At the time of sale the property was 100 percent occupied.

The buyer, who is based out of China, is expanding its portfolio.

Phil Voorhees, Megan Wood, Kirk Brummer and Jimmy Slusher of CBRE represented the seller. Daniel Shaunt of Reeco represented the buyer.

Please reference CoStar COMPS #4091233 for additional information on this transaction.
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