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Suburban LA Shopping Center Sells to Chicago Investor

Pine Tree’s $64 Million Glendale Deal Reflects Demand for Open-Air Space in Dense Downtown Retail Corridor
The Glendale Marketplace in downtown Glendale, California, sold for $64 million in a vote of confidence in open-air retail properties. (CoStar)
The Glendale Marketplace in downtown Glendale, California, sold for $64 million in a vote of confidence in open-air retail properties. (CoStar)
CoStar News
January 7, 2022 | 10:35 P.M.

An urban retail center near two massive malls in downtown Glendale, a suburb north of downtown Los Angeles, has been sold, signaling confidence in a brick-and-mortar retail segment despite the sector encountering challenges during the pandemic.

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