Savills Studley Executes Sale of the Knolls Shopping Center in Long Beach, California

27 October 2016

Savills Studley Retail Investment Group represented Red Mountain Group in the sale of The Knolls Shopping Center in Long Beach, California.

The Knolls, which traded for $29,150,000, is a 52,000-square-foot neighborhood shopping center located at 4250 Long Beach Boulevard.

The property was recently redeveloped by the seller and is anchored by Trader Joes, Pet Food Express, Crunch Fitness, Verizon, and Chipotle.

Bill Bauman, executive vice president, and Kyle Miller, senior managing director, of Savills Studley’s Retail Investment Group handled the negotiations on behalf of Red Mountain Group.

“There was exceptional demand for this asset due to the infill nature of the real estate, aesthetic quality of the center, and the extraordinary performance of the project’s tenants,” explained Bauman.

 

 
 

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