LOJA REAL ESTATE SELLS ELEVEN PROPERTIES FOR $218 MILLION

Walnut Creek, CA (November 10, 2016)—Today Walnut Creek, California-based Loja Real Estate announced the sale of 11 retail properties located in markets across the U.S. The buyer is New York-based Clarion Partners on behalf of a commingled fund and a separate account managed by the firm. The transaction closed on November 8, 2016.

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Loja Real Estate Sells Lakeland Town Center, Auburn, WA

Walnut Creek, CA (March 18, 2015)—Loja Real Estate, LLC, announced today the sale of Lakeland Town Center in Auburn, Washington, to Donahue Schriber Realty Group (DSRG) for approximately $51.5 million. Loja Real Estate, LLC, is a wholly-owned subsidiary of Loja Group LLC, a real estate investment management firm.

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Loja Group Acquires 4 Chicago Grocery Stores From Former Safeway Unit for $95 Million

Chicago, IL, 11-17-2014—Walnut Creek, California, based Loja Real Estate today announced the acquisition of a portfolio of four Chicago grocery store properties from a former unit of Safeway Inc. for approximately $95 million, bringing its acquisitions this year to over $170 million. Loja Real Estate is a subsidiary of Loja Group LLC, which is managing $340 million in assets.

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Loja Acquires Three-Tenant Shopping Center in Vermont

Located in South Burlington the property is valued at $24 million

Walnut Creek, CA, 10-28-2014—Tom Engberg, CEO of Loja Real Estate, announced the acquisition of a three tenant shopping center tenanted by Trader Joe’s, Pier 1 Imports and Healthy Living Market located in South Burlington, Vermont. Loja Real Estate purchased the property from a private investor for approximately $24 million. The transaction closed on October 15, 2014.

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Loja Acquires Vallarta Anchored Shopping Center Located in Oxnard, California

Located northwest of downtown Los Angeles, the property is valued at $20 million

Walnut Creek, CA, 9-30-2014—Tom Engberg, CEO of Loja Real Estate, announced the acquisition of Oxnard Vineyards, a newly developed Vallarta Supermarkets anchored community shopping center located in Oxnard, California. Loja Real Estate purchased the property from a private investment group for approximately $20 million. The transaction closed on September 12, 2014.

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Loja Real Estate Acquires Single-Tenant Office Depot in Seattle, WA

Walnut Creek, CA—Tom Engberg, CEO of Loja Real Estate, LLC, today announced the acquisition of a single-tenant Office Depot for one of the Firm’s separate accounts. Loja Real Estate, LLC, is a wholly-owned subsidiary of Loja Group LLC, a real estate investment management firm.

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Loja Real Estate Acquires Dual-Tenant Grocery-Anchored Property in Woodbury, MN

Walnut Creek, CA (July 16, 2013)—Tom Engberg, CEO of Loja Real Estate, LLC, today announced the acquisition of a grocery-anchored, dual-tenant property for one of the Firm’s separate accounts. Loja Real Estate, LLC, is a wholly-owned subsidiary of Loja Group LLC, a real estate investment management firm.

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Loja Real Estate Acquires Grocery-Anchored Property in Agoura Hills, CA

Walnut Creek, CA – Tom Engberg, CEO of Loja Real Estate, LLC, today announced the acquisition of a grocery-anchored shopping center known as Shops at Oak Creek for one of the Firm’s separate accounts. Loja Real Estate, LLC, is a wholly-owned subsidiary of Loja Group, LLC, a real estate investment management firm.

Loja Real Estate purchased the property from multiple owners for approximately $21.75 million. The transactions closed on March 28th and April 4th, respectively. This is Loja Real Estate’s sixth acquisition and second in 2012 anchored by Trader Joe’s.

The property is a 36,182 sq. ft. multi-tenant shopping center, developed in 2010, on 5.45 acres of land located in Agoura Hills, California. Trader Joe’s anchors the shopping center which includes three multi-tenant shops buildings and one restaurant pad. Trader Joe’s is a privately-held grocery store chain, headquartered in Monrovia, CA, operating 361 stores around the United States with annual sales reportedly in excess of $8.5 billion.

"This is an exciting acquisition for Loja Real Estate and its investors due to the accomplishment of consolidating multiple properties in an off-market transaction with Trader Joe’s as the anchor. The shopping center has quickly become a favorite gathering place for local residents since its opening in 2010. Agoura Hills is a community with strong demographics and limited competition due to a difficult entitlement environment," stated Scott Kyman, Vice President of Acquisitions at Loja Real Estate.

The selling entities were represented by Matthew May of May Realty Advisors. Loja Group has retained Colliers International to manage the property.

About Colliers International
Colliers International is the third-largest commercial real estate services company in the world with 12,500 professionals operating out of more than 500 offices in 61 countries. A subsidiary of FirstService Corporation, Colliers International focuses on accelerating success for its clients by seamlessly providing a full range of services to real estate users, owners, and investors worldwide, including global corporate solutions, brokerage, property and asset management, hotel investment sales and consulting, valuation, consulting and appraisal services, and mortgage banking research.

About May Realty Advisors
With over two decades of retail brokerage expertise, May Realty Advisors is recognized as one of Southern California’s leading boutique retail advisement firms based on their success as innovators in commercial real estate marketing, retailer relationships and the ability to source and close complex real estate transactions. Matthew May, founder of May Realty Advisors was a founding member of the Retail Brokers Network in 1992. Retail Brokers Network is an invitation-only network of retail brokerage companies throughout the US and Canada with over 55 members and 65 offices. The combination of the two organizations provides our clients with unique access to retailers, investors, and investment opportunities. To learn more about May Realty Advisors please visit www.mra.la.

About Loja Group LLC/Loja Real Estate, LLC
Loja Group LLC is a women-owned (WBE) real estate investment management firm with $188 million in assets under management. Through Loja Real Estate, LLC, a wholly-owned subsidiary, Loja acquires and manages grocery-anchored real estate assets throughout the United States for a variety of joint ventures, separate accounts, and commingled funds. Additional information about Loja may be found at loja.valestudios.com.

Contact:
Scott Kyman, Vice President, Acquisitions
Office: 925-935-4405 ext. 6
Email: [email protected]

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Loja Real Estate Acquires The Shops at Pacific Station

Walnut Creek, CA – Tom Engberg, CEO of Loja Real Estate, LLC, today announced the acquisition of The Shops at Pacific Station for one of the Firm’s separate accounts. Loja Real Estate, LLC, is a wholly-owned subsidiary of Loja Group LLC, a real estate investment management firm.

Loja Real Estate purchased The Shops at Pacific Station from Pacific Station Property, LLC for $19.5 million. The transaction closed on July 25, 2011. This is Loja Real Estate’s fourth acquisition.

The Shops at Pacific Station, a 38,828 square foot grocery-anchored neighborhood shopping center, is the retail portion of a 98,403 square foot vertical mixed-use center containing second and third-story office space totaling 9,733 square feet, and 47 residential condominium units. The Shops at Pacific Station is located in Encinitas, a coastal community in San Diego County, CA. In addition to a 25,000 square foot Whole Foods, which just opened in June, The Shops at Pacific Station has a strong tenant mix, including an Urban Solace (upscale restaurant), Bliss 101 (craft/furniture gallery), Icons (high-end clothing boutique), and a Bombshell Boutique Salon (to open in August). The Shops at Pacific Station is currently 96% leased. The development is LEED Silver Certified to achieve maximum energy efficiency with the least possible impact on the environment.

“This is a very exciting and important acquisition for Loja. The Shops at Pacific Station is anticipated to be the premier neighborhood grocery-anchored shopping center within the Downtown 101 corridor, a 100+ year-old coastal shopping district considered one of San Diego’s most desirable retail destinations. Just three blocks from the beach, Pacific Station is the central gathering place for residents and tourists to dine, work, and shop,” stated Scott Kyman, Vice President, Acquisitions of Loja Real Estate.

“Once development returns to the market, we anticipate a trend toward mixed-use projects in dense built-out suburban communities where land is scarce and planners want development aggregated around transit hubs. Pacific Station – located next to the Encinitas train station, which is on a rail line that extends from San Diego into Los Angeles County – perfectly exemplifies the direction of future development and investor interest,” stated Mr. Engberg.

Loja Group was represented by Richard Lebert, Senior Vice President, Colliers International. Pacific Station Property, LLC was represented by Ryan Gallagher, Senior Managing Director, Holliday Fenoglio Fowler, LP. Loja Group has retained Capital Growth Properties, Inc. of La Jolla, CA, to manage the property.

About Colliers International
Colliers International is the third-largest commercial real estate services company in the world with 12,500 professionals operating out of more than 500 offices in 61 countries. A subsidiary of FirstService Corporation, Colliers International focuses on accelerating success for its clients by seamlessly providing a full range of services to real estate users, owners, and investors worldwide, including global corporate solutions, brokerage, property and asset management, hotel investment sales and consulting, valuation, consulting and appraisal services, and mortgage banking and research.

About Capital Growth Properties, Inc.
Capital Growth Properties is a full service property management and real estate brokerage firm, specializing in the management, sale and leasing of income properties located throughout San Diego County. Active in the property management and brokerage business since 1976, Capital Growth Properties currently manages a portfolio of apartment communities, shopping centers, office buildings, and industrial facilities for a broad spectrum of investors.

About Loja Group LLC / Loja Real Estate, LLC
Loja Group LLC is a women-owned (WBE) real estate investment management firm with $135 million in assets under management. Through Loja Real Estate, LLC, a wholly-owned subsidiary, Loja acquires and manages grocery-anchored real estate assets throughout the United States for a variety of joint ventures, separate accounts, and commingled funds. Additional information about Loja may be found at loja.valestudios.com.

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Lakeland Town Center

 

Walnut Creek, CA – Tom Engberg, CEO of Loja Real Estate, LLC, today announced the acquisition of Lakeland Town Center for one of the Firm’s separate accounts. Loja Real Estate, LLC, is a wholly-owned subsidiary of Loja Group LLC, a real estate investment management firm.

Loja Real Estate purchased Lakeland Town Center from Lakeland Town Center II, LLC,which was managed by Tarragon Property Services of Sumner, WA. The sale price for theproperty is $39.4 million. The transaction closed on June 17, 2011. The Lakeland TownCenter purchase is Loja Real Estate’s third acquisition and the first outside of California.

“We’re delighted with this, our first acquisition outside of California. Lakeland Town Center exemplifies Loja Real Estate’s target acquisition. It is a functionally and operationally strong shopping center anchored by a market-share leading grocery store, occupied by an attractive mix of stable tenants with proven sales records, and located in a high-barriers-to-entry, supply-constrained market,” stated Mr. Engberg.

“Our acquisition of Lakeland Town Center fulfills the diverse mandates of this particular client. We look forward to completing similar acquisitions in the future,” stated Katherine Burr, Founder and CEO of Loja Group LLC.

Lakeland Town Center is a 125,000 square foot community shopping center within Lakeland, a master-planned residential community with 10,000 residents, in Auburn, WA. Lakeland Town center is anchored by a 67,000 square foot TOP Food & Drug store and occupied by a 27-tenant mix of retailers, restaurants, and service businesses. TOP Food & Drug is owned and operated by Hagen, Inc., the largest independent grocer in the state of Washington.

Loja Group was represented by Kevin Van Voorhis of Colliers International (San Francisco). Lakeland Town Center II, LLC was represented by Paul and Bill Sleeth of Colliers International (Seattle). Loja Group has retained Colliers International (Seattle) to manage the property.

About Colliers International

Colliers International is the third-largest commercial real estate services company in the world with 12,500 professionals operating out of more than 500 offices in 61 countries. A subsidiary of FirstService Corporation, Colliers International focuses on accelerating success for its clients by seamlessly providing a full range of services to real estate users, owners, and investors worldwide, including global corporate solutions, brokerage, property and asset management, hotel investment sales and consulting, valuation, consulting and appraisal services, and mortgage banking and research.

About Loja Group LLC / Loja Real Estate, LLC

Loja Group LLC is a women-owned (WBE) real estate investment management firm with $135 million in assets under management. Through Loja Real Estate, LLC, a wholly-owned subsidiary, Loja acquires and manages grocery-anchored real estate assets throughout the United States for a variety of joint ventures, separate accounts, and commingled funds. Additional information about Loja may be found at loja.valestudios.com.

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About Us

The Loja team includes cycle-tested real estate industry veterans as well as fund managers experienced in multiple asset classes in various currency and interest rate environments.

Phone: +1 925.951.0630

2099 Mt. Diablo Blvd., Suite 200
Walnut Creek, CA 94596

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