CASE STUDY

Plaza Del Valle

Panorama City, CA

Property Type

Value-add; Grocery-anchored

Size

250,000 SF

Major Tenants

El Super, Western Dental, IHOP, Denny’s

Year Built

1950

Date Acquired

1999

Date Remodeled

2003

Deal Notes

  • Bought below replacement cost
  • Add value through better management
  • Add value through under market rents at purchase
  • Excess property for additional construction

Awards

San Fernando Valley Business Journal for Best Redevelopment Project in 2015.

“Creating a place where neighbors are buying from neighbors.” —Western Real Estate Business

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