South Jordan, Utah – July 8th, 2024 – Capstone Advisors, a California-based real estate investment, development and advisory firm, has purchased the Trail Crossing Shopping Center at 5414 W. Daybreak Parkway, South Jordan, from Wright Development Group. Financial terms were not disclosed. The shopping center was built in 2017 and has 38,397 square feet of retail shopping space spanning five buildings. Currently at full capacity, the center is anchored by Smith’s Food & Drug. It is in the Daybreak master-planned community. Read Full Feature
Utah Business: Capstone Advisors Enters Utah Market With Retail Center Acquisition
South Jordan, Utah – July 2nd, 2024 – Capstone Advisors, a diversified real estate investment, development and advisory firm headquartered in Carlsbad, California, expands its portfolio with the purchase of the Trail Crossing Shopping Center in South Jordan.
The acquisition of the retail center, located at 5414 W. Daybreak Parkway, officially closed on June 13. The seller, Wright Development Group, constructed the shopping center in 2017. The property is 38,397 square feet of retail shopping space spanning five buildings. Currently, at full capacity, the center is anchored by Smith’s Food and Drug, a grocery subsidiary of The Kroger Co., along with a diverse array of national, regional, and local tenants providing essential goods and services. Read Full Feature
Shopping Center Business: Capstone Purchases 38,397-Square-Foot Retail Center in Metro Salt Lake City
South Jordan, Utah – July 2nd, 2024 – Capstone Advisors has purchased Trail Crossing Shopping Center, a 38,397-square-foot retail center located in South Jordan, roughly 20 miles south of Salt Lake City. Smith’s Food and Drug, a subsidiary of The Kroger Co., anchors the property, which was built in 2017. Wright Development Group sold the center for an undisclosed price. Read Full Feature
Capstone Advisors Enters Utah Market With Retail Center Acquisition
South Jordan, Utah – June 28th, 2024 – Capstone Advisors, a diversified real estate investment, development and advisory firm headquartered in Carlsbad, California, expands its portfolio with the purchase of the Trail Crossing Shopping Center in South Jordan.
The acquisition of the retail center, located at 5414 W. Daybreak Parkway, officially closed on June 28. The seller, Wright Development Group, constructed the shopping center in 2017. The property is 38,397 square feet of retail shopping space spanning five buildings. Currently, at full capacity, the center is anchored by Smith’s Food and Drug, a grocery subsidiary of The Kroger Co., along with a diverse array of national, regional, and local tenants providing essential goods and services. Read Full Press Release
Capstone Advisors Sells Griffin Ranch Estates In La Quinta
La Quinta, Calif. – June 19th, 2024 – Carlsbad-based real estate investment and development company Capstone Advisors has closed the sale of Griffin Ranch Estates, 37 half acre lots in the Griffin Ranch community, located in La Quinta, California.
Capstone Advisors sold the land to Toll Brothers, a high-quality production home builder with over five decades of experience and builds in 24 states nationwide. Marc Kleinman of Province West handled the sale. The project engineering services were provided by MSA Consulting, Inc. The sale closed on June 11. Read Full Press Release
Closed Escrow: Griffin Estates | La Quinta, CA
La Quinta, CA – June 12th, 2024 – Province West and Capstone Advisors are pleased to announce the closing by Toll Brothers of Griffin Estates, a new community consisting of 37 half-acre lots located in La Quinta, California.
Located south of Avenue 54 and east of Madison Street in a unique equestrian-themed community within the existing 239-acre Griffin Ranch Specific Plan, Griffin Estates has been entitled for 37 lots with a minimum lot size of 20,000 square feet. Along with the many amenities La Quinta has to offer its residents, Griffin Estates will also offer ample walking and multi-use trails that connect to the adjacent PGA West golf course and the Griffin Club, a 10,000-square-foot ranch clubhouse. Read Full Feature
Richmond Magazine: A Lotte to Love
Henrico, VA – May 15th, 2024 –Grocery store openings tend to be a bit staid, with ribbon cuttings, lots of suits, and perhaps some free swag or specials. But at the May 10 debut of Lotte Plaza Market at 7801 W. Broad St., once the scissors sliced through the red ribbon, it was game on as excited customers propelled their metal carts toward the doors — evidence that this was a place people had been yearning for. The former Stein Mart store has been converted into a 45,000-square-foot Asian grocer, a shopping wonderland complete with a food court, forthcoming French-Korean bakery, seafood and meat counters, and home goods section.
“We know that Henrico County is one of the most diverse areas in Central Virginia, and we thought that it’s time for Lotte to come to this market and serve the community here,” says Arvin Lee, current president and second-generation owner. Read Full Feature
Lotte Plaza Market To Celebrate Grand Opening
Richmond, Va. – May 7, 2024 – Offering an unparalleled array of Asian culinary delights and a food court with a fresh bakery, boba tea and both Korean and Japanese dishes, Lotte Plaza Market, a premier source for Asian groceries, is aiming to make a significant mark on the Richmond community with its upcoming grand opening and ribbon cutting on Friday, May 10, at 8:30 a.m.
Located at 7801 W Broad St. Richmond, VA 23294, Lotte Plaza Market will be offering unique discounts and perks to all grand opening attendees that will not be available at other locations, including grand opening deals on grocery items from fruit drinks to sushi rice. In addition, Lotte Plus Rewards members will earn double the points from their purchases at this location from May 10 to June 6. Read the Full Release.
SDBJ’s Leaders of Influence In Commercial Real Estate 2024
San Diego, CA – April 15th, 2024 – SAN DIEGO BUSINESS JOURNAL LEADERS of INFLUENCE in COMMERCIAL REAL ESTATE 2024: Alex Zikakis & Jay Matthes Read the Full Release.
Connect CRE: Two Mill Avenue Properties Flip for $22.2M
Phoenix & Tempe, AZ – January 19th, 2024 – Two well-located Tempe retail properties have been sold for a total of $22.2 million. JLL represented the seller and procured the buyer, Capstone Advisors. JLL also helped finance the sale.
Built in 1998, the two properties total 38,896 square feet combined and consist of 100-percent-occupied high-street retail. Located on the northwest and southeast corners of Mill Avenue and 5th Street in the heart of the Mill Avenue Corridor, these iconic properties benefit from the over 70,000 students attending the nearby main campus of Arizona State University, as well as the thousands of annual visitors drawn by live sporting and entertainment events taking place in downtown Tempe each year. Read the Full Release.