Value-add retail center in the Orange County trades

Orange County, March 13, 2024 – JLL Capital Markets announced today that it has closed the $16.7 million sale of Anaheim Hills Shopping Village, a 67,528-square-foot retail center located within Orange County in Anaheim, California.

JLL worked on behalf of both the seller, a private family partnership, who served as the original developer, as well as the buyer, Tourmaline Capital.

The 95-percent-occupied center is anchored by Big Lots, as well as leased to a wide range of daily needs and internet resistant retailers, many of which have been at the property for a number of years.

Located at 6300 E. Santa Ana Canyon Rd., the property sits directly off of California State Route 91. The property was originally developed in 1984 by the seller and has been a prominent neighborhood shopping center for the greater Anaheim Hills community.

The JLL Capital Markets Investment Sales Advisory team was led by Senior Director Daniel Tyner and Managing Directors Gleb Lvovich and Geoff Tranchina.

“It is rare we see high-quality neighborhood shopping centers in Orange County trade hands. We are proud to have successfully completed the transaction alongside the buyer, Tourmaline Capital, and the original developer, who built the center 40 years ago,” said Tyner.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment and sales advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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Tourmaline Capital is a private real estate investment company based in San Diego, CA. Tourmaline’s focus is investing, owning and operating retail focused properties across the greater West Coast.