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Gelson’s Calabasas Shopping Center Sold

August 7, 2019 by Jon Paley Leave a Comment

The Gelson’s Shopping Center in Calabasas “SOLD”in July for $39,000,000 which represents $704 per square foot for the market and surrounding retail buildings.  Dallas money manager Sarofin Realty Advisors purchased the property from the investment arm of the Gelson Family who retained ownership after having sold their interest in the business  to TPG Capital for $394,000,000 in 2014.

Paley Commercial Real Estate has specialized in the sales, leasing, and managing of San Fernando Valley commercial property since 1984, and assists both large and small businesses with various types of commercial real estate requirements.

 

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