DALLAS – Cypress Equities (Cypress) announced today the acquisition of Glendale Marketplace in Glendale, Calif. This transaction was facilitated through Cypress’ real estate investment management group.
Glendale Marketplace is a 154,420-square-foot, open-air retail and entertainment center located off the 134 Freeway at South Brand Boulevard in the heart of downtown Glendale, adjacent to the Americana at Brand. The center is home to several national retailers including HomeGoods, Old Navy, Starbucks, GNC and Outback Steakhouse.
“Cypress is pleased to add Glendale Marketplace to its portfolio of retail properties,” states Todd Minnis, managing partner and CIO of the real estate investment management division of Cypress. “Our team will be evaluating opportunities for enhancing the property and growing the merchant roster with additional dynamic new tenants.”
SRS Real Estate Partners will represent Cypress in lease negotiations. Garrett Colburn, senior vice president and market leader of the SRS office in Newport Beach, will serve as the landlord representative.
“The acquisition of Glendale Marketplace is another great step in Cypress’ plans to develop, acquire and manage new and more diverse commercial properties throughout the country,” added Chris Maguire, CEO of Cypress Equities and SRS Real Estate Partners. “Located in one of greater Los Angeles’ most prestigious retail corridors, Glendale Marketplace is an excellent addition to our portfolio of first-class retail properties.”
About Cypress Equities
Cypress Equities* (Cypress) was founded in 1995 and has since established a national reputation synonymous with the premier development, operation and management of destination-class retail and mixed-use properties throughout the U.S. Historically, Cypress has developed and acquired more than 14 million square feet and currently is developing and managing a portfolio of more than 8.5 million square feet of retail, office, residential and automotive real estate. Today, there are six Cypress Equities offices throughout the U.S., including Dallas (headquarters), New York, San Francisco, Chicago, Atlanta and Fort Lauderdale. Visit www.cypressequities.com for more information.
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