29 Jan 2019
Matthews Real Estate Investment Services™ is pleased to announce the successful execution of a 1031 Exchange from a multifamily investment to two single-tenant net-lease investments. Matthews™ Senior Associate, Kyle Mirrafati, facilitated the sale of an off-market 28-unit apartment in the Palms Neighborhood of West Los Angeles for $7,100,000 at a 3.36% CAP Rate into two 7-Eleven properties with gas in the Daytona Beach- metropolitan area for a combined purchase price of $7,700,000.
16 Nov 2018
Matthews Real Estate Investment Services™ recently sold a Walmart shadow-anchored center located in Mansfield (Dallas/Fort Worth), Texas. Scott Henard, SVP and Regional Director for the Matthews™ Shopping Center Division, and Peter Smelko, Associate, led the transaction on behalf of the seller, Haydn Cutler Company. The 27,792 square-foot property was sold to a private client buyer represented by Tim Axilrod and Tommy Tucker with Shop Companies.
14 Nov 2018
Matthews Real Estate Investment Services™, one of the nation’s fastest growing brokerage companies, recently sold a two-property portfolio in Houston consisting of 179,777 square-feet. Scott Henard, SVP and Regional Director for the Matthews™ Shopping Center Division, led the transaction on behalf of the seller, Brixmor Property Group (BRX), and sold the property to Williamburg Enterprises from Houston.
22 Oct 2018
Matthews Real Estate Investment Service™, the nation’s fastest growing commercial real estate firm, is pleased to announce to sale of Chelsey Court at 4040-60 South Hoover Street. Located in Central Los Angeles, the 24-unit apartment complex comprised of three separate parcels, sold for $7.5 million, $312,500 per unit.
18 Oct 2018
Matthews Real Estate Investment Services™, one of the nation’s fastest-growing commercial real estate companies, has been exclusively engaged to market a nearly three-acre transit-oriented development opportunity in Los Angeles, CA. The development is located on the Westside of Los Angeles off of Robertson Blvd and north of the 10 Freeway, bordered by the historic area of Cheviot Hills and the booming tech scene of Culver City. Spearheading the sale of this development are David Harrington, EVP & National Director of Multifamily, Daniel Withers, VP & Senior Director of Multifamily, and John Boyett, a Multifamily associate for Matthews™.
03 Oct 2018
Matthews Real Estate Investment Services™, is pleased to present the $7.5 million sale of a well-maintained 30-unit multifamily property located in Southern California’s “Valley of the Stars.” The transaction, led by Daniel Withers, Senior Vice President of Multifamily, marks the 2018 highest price per square foot for a rent-controlled building in Valley Village, according to CoStar.
25 Sep 2018
Matthews Real Estate Investment Services™, the nation’s fastest-growing commercial real estate firm, is pleased to announce the sale of a single tenant Starbucks portfolio for $9.33 million in Silicon Valley. With sites located in Alameda County, the 7th most populous county in CA, Matthews™ Senior Vice President & Senior Director, Aron Cline and Net Lease Associate, Jon Prater led the transaction of two extremely rare 15-year absolute NNN lease Starbucks properties. According to CoStar, these trophy assets achieved cap rate records for a single tenant Starbucks in the county.
18 Sep 2018
Matthews Real Estate Investment Services™, the nation’s fastest-growing commercial real estate firm, today announced the $28.3 million sale of The Village at Mammoth, a 57,925 square-foot ground floor retail space located at the base of the popular California ski resort, Mammoth Mountain. The transaction, led by Bill Pedersen, Senior Associate and El Warner, National Director & EVP of Matthews™ Shopping Center Division marks the highest sale price ever recorded for a commercial property in Mammoth Lakes, according to CoStar.
21 Aug 2018
Matthews Real Estate Investment Services™ is pleased to announce the sale of an off-market, DHL in one of Chicago’s thriving industrial submarkets, Franklin Park, IL. The concrete tilt up construction building sold for $11.6 million ($132 PSF) at a sub 6% cap rate and was facilitated by Matthews™ Senior Associate, Maxx Bauman.
20 Aug 2018
Matthews Real Estate Investment Services™ is pleased to announce the $18 million sale of Sprouts Farmers Market in the largest city in Hillsborough County, Tampa, FL. Senior Vice President & Senior Director of Matthews™, Aron Cline, represented the seller and sourced the buyer through Matthews™ marketing efforts.
25 Jul 2018
The all-time highest sale price for a multifamily property in the city of Sunland
19 Jul 2018
Matthews Real Estate Investment Services™ is pleased to announce $54.5 million of commercial retail transactions in one of Orange County’s thriving suburban neighborhoods, Yorba Linda, CA. Executive Vice President & National Director of Shopping Centers, El Warner and Shopping Center specialist Jordan Gomez of Matthews Real Estate Investment Services™, represented owners of multiple trophy assets in four separate transactions within the last nine months.
12 Jul 2018
The Record Breaking Sale is the Largest Transaction in the Inland Empire Year-to-Date
01 Jun 2018
Matthews™ Arranges the Sale of McPherson Place for $6.1 million
29 May 2018
Matthews™ has arranged the sale of a 25-unit multifamily building for $5.5 million in Canoga Park, CA.
10 May 2018
Former DDR Corp. executive to grow Midwest footprint in Cleveland
27 Apr 2018
Matthews Real Estate Investment Services™ is pleased to announce the sale of a zero cash flow CVS portfolio for $17.8 million
26 Apr 2018
The 101,498 square-foot asset, sold by Plaza Properties, is located two blocks east of the $350 million Mid-City Mall redevelopment project on University Drive in Huntsville, Alabama
24 Apr 2018
Shopping Center Sale for Top 10 REIT
20 Apr 2018
Unique Sales Strategy Revives Deal and Secures Foreign Buyer
16 Mar 2018
The Lowest Cap Rate for a Non-Grocery Anchored Shopping Center in San Diego County and for a Walgreens in the State of California Since 2016
14 Mar 2018
Matthews Real Estate Investment Services™ has been exclusively engaged to market for sale South 400, a Class A, 209-unit, newly constructed multifamily asset in the heart of the medical district in Fort Worth, Texas.
13 Mar 2018
The Highest Price-Per-Square-Foot Sale in Van Nuys for a Property Built in 1967
07 Mar 2018
The Highest Cost Per Unit Sale in the Last Three Years for a Rent Controlled Multifamily Building in the 90057 Zip Code
21 Feb 2018
The 3rd Highest Sale Price for a Walmart in the State of Ohio Within the Last Year and the Lowest Cap Rate for a Short Term Lease Walmart
20 Feb 2018
The transaction, an off-market sale of a zero cash flow structured CVS portfolio, was led by Bill Pedersen, a Matthews™ senior drug store associate.
19 Feb 2018
Matthews Real Estate Investment Services™, the nation’s fastest-growing commercial real estate firm, recently completed the $2 million sale of a 7-unit apartment building located in the city of Glendale, CA.
08 Feb 2018
Matthews Real Estate Investment Services™ has announced the $14.15 million sale of a 143,739 square-foot center anchored by Havertys Furniture
01 Feb 2018
The highest sale price for a drugstore in Eden Prairie, MN
31 Jan 2018
Panama City, Florida— Matthews Real Estate Investment Services™ sold 23rd Street Plaza, a 53,376 square-foot power center in Panama City, for $5.4 million.
30 Jan 2018
Greenville, South Carolina — Matthews Real Estate Investment Services™ recently sold a 200,084 square-foot Walmart Supercenter NNN asset in Greenville for $19.35 million.
22 Jan 2018
LOS ANGELES, CA — MATTHEWS REAL ESTATE INVESTMENT SERVICES™, the nation’s fastest-growing commercial real estate firm, completed the $8.3 million sale of Tarzana Villas, a 29-unit apartment property located in the city of Tarzana, CA.
09 Jan 2018
LOS ANGELES, CA— MATTHEWS REAL ESTATE INVESTMENT SERVICES™ is pleased to announce the sale of the Hollywood Cozmo Apartments at 6871 Franklin Avenue. Located in the Hollywood Heights neighborhood of Los Angeles, the 30-unit apartment complex was sold for $8,625,000 at $287,500 per unit.
05 Jan 2018
Foreign Capital Continues to Invest in Sought After Southern California Commercial Real Estate
20 Dec 2017
Orange County Based Tenant Sells in Under Two Weeks at Full Asking Price Signifying Continued Demand for Big Box Retail
12 Dec 2017
LOS ANGELES, CA—Matthews Real Estate Investment Services™, the nation’s fastest growing real estate investment firm, has announced the sale of 4540 Hazeltine Ave, a 23-unit apartment property located in Sherman Oaks, CA. The asset sold for $7,750,000 which represented approximately $354 per square foot.
29 Nov 2017
Los Angeles, CA (November 29,2017) – MATTHEWS REAL ESTATE INVESTMENT SERVICES™, the nation’s fastest growing commercial real estate firm, has been exclusively engaged to market for sale two multifamily buildings in Studio City and Toluca Lake, California. The properties are located at 10851 Moorpark Street in Studio City and 10760 Hortense Street in Toluca Lake.
27 Nov 2017
Los Angeles, CA (November 27, 2017)—Matthews Real Estate Investment Services™, the nation’s fastest-growing brokerage firm, recently represented the seller in the sale of a twelve-unit multifamily property located at 216 East Imperial Avenue, El Segundo, CA for $5,900,000 ($491,666.67/unit).
17 Oct 2017
LOS ANGELES, Calif.—October 17th—Matthews Real Estate Investment Services™ is pleased to announce that Daniel Withers, Senior Vice President of Multifamily, has arranged the record sale of a multifamily investment property in Winnetka, CA. The buyer, 303 WR, LLC, purchased the 52-unit property with a final sale of $13,250,000.
04 Oct 2017
Matthews Real Estate Investment Services™ is pleased to announce the digital release of the company’s first three magazine issues designed to provide readers with current trends, feature articles, interviews with industry experts and more.
12 Sep 2017
Matthews Real Estate Investment Services™, a leading real estate investment firm, recently arranged the sale of an off-market Walgreens for $6.8 million. The property is located on 1.55 acres of land at 4760 Liberty Road South, Salem, Oregon.
10 Aug 2017
Matthews Real Estate Investment Services™ is pleased to announce the sale of a 16,200 square-foot Staples retail condo in the New York City borough of The Bronx. The $11M closing price equates to approximately $679 per square foot, the 2nd highest price ever recorded for a Staples sale and the 3rd highest price per square-foot for a Staples.
Matthews™ exclusively marketed the sale of this iconic Staples retail condo on behalf of a private seller, a major developer in New York whose projects include: single-family housing, medical office buildings, high rise office towers, affordable housing, and golf courses. The buyer, an undisclosed entity, added to their extensive portfolio of more than two million square-feet of retail in New York City with over 30 retail locations.
04 Aug 2017
Matthews Real Estate Investment Services™ has arranged a price-per-foot record for a multi-family building in Lawndale, California. The transaction was lead by Daniel Shieh, Investment Sales Associate for Matthews™, who represented the seller and surpassed the previous record by 26%.
02 Aug 2017
Bringing over 17 years of experience in the industry, Daniel will leverage his deep-rooted market knowledge and extensive connections to continue the strategic expansion of the Matthews™ footprint.
27 Jul 2017
Matthews Real Estate Investment Services™ has arranged the $22.075 million sale of Low Country Village, a 140,000-square-foot power center located in Bluffton, SC. Scott Henard, SVP and Regional Director of Shopping Centers for Matthews™, led the transaction on behalf of the seller, Real Properties of America Inc (RPAI), and sold to an undisclosed private California buyer.
16 May 2017
Matthews™, the nation’s fastest growing commercial real estate firm, has appointed Michael Pakravan as Senior Vice President and National Director of Retail Leasing. In his new role, Michael will utilize his leasing expertise and extensive network to continue to both grow the firm’s market share and drive value representing property owners and tenants.
25 Apr 2017
National Director of Asset Services for Matthews Real Estate Investment Services, Tim Woods, visited the Stillwater campus to speak to Nancy Titus-Piersma’s Real Estate Finance class to share his experiences in the real estate industry.
05 Apr 2017
Matthews Real Estate Investment Services™ has announced the launch of Matthews Asset Services (MAS), a new division devoted to applying commercial real estate value creation and preservation strategies to the property operation challenges faced by real estate owners.
27 Feb 2017
Matthews Real Estate Investment Services™, the nation’s fastest growing midsize commercial real estate firm, is pleased to announce the appointment of Scott Henard as Senior Vice President and Regional Director of Shopping Center business. Renowned as an industry expert on the principal side, Scott joins Matthew’s new Dallas office where he will be spearheading all multi-tenant retail transactions in the Central and Eastern Regions.
10 Feb 2017
Matthews Real Estate Investment Services™ , the fastest growing midsize company in commercial real estate, announced it has expanded the firm’s national reach into the prestigious Preston Center Submarket of Dallas. Building upon the firm’s success in California with established offices in Costa Mesa and El Segundo, the new office space officially opened this month.
02 Feb 2017
Leading industry expert Aron Cline to serve as head of Costa Mesa office.
29 Apr 2016
Matthews Retail Advisors™ has arranged the sale of Lycoming Mall in Pennsdale, PA for $26.4 million. The transaction was led by El Warner, National Director, and Patrick Toomey, Senior Director, who oversee the company’s Shopping Centers Division. Warner and Toomey represented the seller, Pennsylvania Real Estate Investment Trust (PREIT), who is in the process of unloading its 13 worst-performing assets. The buyer, Kohen Asset Management, is a privately held, New York based investment company that specializes in the acquisition and management of B & C malls across the United States. The transaction closed as originally negotiated within 30 days.
14 Apr 2016
Matthews Real Estate Investment Services™, a leading brokerage specializing in commercial real estate transactions for institutions, developers, and private clients, reports tremendous growth resulting from its 1031 Private Client Advantage™ program. Offering the industry’s only 1031 Exchange program, the company is encouraging private clients to expect more from their 1031 Exchange and, in turn, reshaping the way brokerages execute exchanges.
24 Feb 2016
Matthews Real Estate Investment Services™ is proud to announce the appointment of David Harrington as Executive Vice President and National Director of its Matthews Multifamily Advisors™ division. Effective this month, Harrington will lead the team of specialized brokers exclusively focused on serving the needs of institutional and private client multifamily investors and will continue to build the division to serve clients across the United States.
17 Feb 2016
Matthews Real Estate Investment Services™, a leading brokerage firm specializing in commercial real estate transactions for institutions, developers and private clients today announced the appointment of El Warner as Executive Vice President and National Director of Shopping Center Business. Effective this month, Warner, alongside company Chairman and CEO Kyle Matthews and First Vice President and Senior Director of Shopping Center Business Patrick Toomey, will lead the shopping center institutional services group to meet the growing demand from the nation’s largest commercial real estate institutions. Warner will also help build a shopping center private client group on a national level, in addition to a specialized debt asset resolution team (D.A.R.T.) to serve private clients with their near-term debt maturity.
10 Sep 2015
Matthews Retail Advisors™ (formerly Matthews Retail Group, Inc.), a leading national commercial real estate brokerage service that specializes in retail investment properties has operationally restructured and rebranded, delivering a bold message to clients: Redefine Your Expectations! Matthews Retail Advisors will operate as a business unit of Matthews Real Estate Investment Services™. The new structure will facilitate future expansion into additional commercial real estate services.
18 Aug 2015
Radoslav Zlatkov has joined Matthews Retail Group as chief financial and operations officer. The position is the first at the growing company. The former director of finance at Keurig Green Mountain Co., Zlatkov is known for helping to take Keurig from a $500 million company to $4.5 billion company. This career move is a transition back into real estate, which is the industry he studied at the University of Southern California’s Marshall School of Business, where he had a dual concentration in investment and financial markets and real estate.
27 Feb 2015
EL SEGUNDO, Calif. – The Matthews Retail Group closed over 110 transactions in 2014. In the first several weeks of 2015 they already have 48 deals in the pipeline. Leading the team is Kyle Matthews, Executive Vice President, who was named the #1 broker at Colliers International for 2014 out of over 12,000 brokers, nationwide. “I’m astounded at how much Kyle and his team has accomplished and how fast they have grown in less than three years. They are the hardest working team I have ever been associated with, which is proven by their immense success. Colliers is very excited to have the Matthews retail team onboard, and we can’t wait to see what they have in store for 2015,” explains John Hollingsworth, executive managing director for Colliers.
15 Oct 2014
EL SEGUNDO, Calif. — The Matthews Retail Group of Colliers International is on track to close over 110 transactions on over 200 individual properties, making them the most active retail investment-property brokerage team within a corporate platform in the country. Led by Kyle Matthews, Executive Vice President, the team, which specializes in STNL retail, shopping centers, portfolio disposition and 1031 Exchange transactions, has grown over 110% in 2014. Now, 10 agents and 8 marketing staff represent the fastest growing single brokerage team in the industry nationwide, with additional agents set to join the team in early 2015.
03 Mar 2016
Join us in Scottsdale, AZ from March 2-4 as we host high-level, interactive discussions on the key trends, challenges, and opportunities that face landlords, retailers, brokers, and advisors of the Open Air Shopping Center Community.
07 Mar 2016
Join us at ICSC Carolinas in Charlotte, NC from March 7-8. The Matthews Retail Advisors team will be discussing industry trends, strategies, and opportunities that are of the utmost relevance to investors, brokers, retailers, and tenants.
14 Mar 2016
Join the Matthews Retail Advisors team from March 14-16 in Las Vegas, NV! Our team will be networking with franchise lenders and investors as we gather franchise companies plans for expansion, the effect those initiatives have on our clients, and the opportunities that these expansions present.
30 Aug 2016
Retail property sales during the first half of the year totaled $36.6 billion, which is down about 20 percent compared to the same period last year, when the retail sales volume reached $45.7 billion. That decline is only slightly behind the pace of the broader commercial real estate sales market, where year-over-year sales
29 Jun 2016
Matthews Retail Advisors has arranged the sale of a Natural Grocers in Denver Colorado. The transaction was led by Aron Cline, Vice President and Senior Director, who represented the seller, a private partnership. The buyer was a private, East Coast investor looking to trade from an apartment into retail.
24 Jun 2016
A nine-property Hardee’s portfolio in Georgia has traded hands. An Arizona retail-focused REIT sold the assets to a private investor in Georgia.
03 Jun 2016
Where do you see the market headed for the rest of 2016? The presidential election is around the corner, the Fed could hike interest rates this month, and commercial real estate sectors are always in flux.
26 May 2016
5 big CRE names tackle 2 burning retail questions in 3 minutes at ICSC RECon 2016 in Las Vegas.
06 May 2016
Matthews Retail Advisors has arranged the $4 million sale of Quincy Corners, a 15,765-square-foot shopping center located in the Denver suburb of Aurora.
03 May 2016
Matthews Real Estate Advisors represented seller Pennsylvania Real Estate Investment Trust (PREIT) in disposing of Lycoming Mall, an 806,788-square-foot retail center in Pennsdale, PA. Buyer Cohen Asset Management paid $26.4 million for the 96%-occupied mall.
02 May 2016
Los Angeles-based Matthews Retail Advisors is helping PREITexecute its fire sale of 13 poorly performing properties as part of a strategic exit from non-core properties.
09 Mar 2016
Connect Media spoke with Matthews Real Estate Investment Services’ El Warner, who specializes in the disposition of institutional assets, to better understand the state of retail real estate. Warner is a panelist at Connect Retail West on March 16th at the Conga Room at LA Live.
02 Mar 2016
El Warner, a 14-year industry veteran, has joined Mathews Real Estate Investment Group as the national director of shopping centers. Warner joins the firm from Colliers International, where he served as associate VP and was responsible for closing $1 billion in deals during his five-year tenure with the firm. In this new position, he will lead the shopping center institutional services group and as well as the national private client group. Moving from a larger firm, Warner was attracted to the entrepreneurial spirit of Matthews and the opportunity to leave his unique mark on the industry. To find out more about Warner’s decision to move to the new and burgeoning firm and his plans for the shopping center platform, we sat down with Warner for an exclusive interview.
22 Feb 2016
El Warner has joined Matthews Real Estate Investment Services to head its shopping center business group as a national director based in the firm’s El Segundo, CA office.
17 Sep 2015
Matthews Retail Advisors has publicly launched 1031 Private Client Advantage™, a program that helps 1031 exchange buyers develop a plan and get the most out of their commercial real estate. For the past six months, the program has had a trial launch with a select group of clients, and the results have been phenomenal. Now, the brokerage firm is ready to widely launch the program—which they say is game changing. It will help accommodate the high 1031 exchange traffic, which, according to Chad Kurz, Matthews Retail Advisors managing partner, has been an effect of retiring baby boomers looking for a more stable investment class. In this exclusive interview, we sat down with Kurz to talk about the active 1031 exchange market, the challenges for 1031 exchange buyers and how this new program is aimed to help.
15 Sep 2015
Matthews Retail Group has hit another major growth spurt. Currently the largest retail-focused brokerage firm in the country, the firm is 65 employees strong and experiencing more than double year-over-year growth in revenue. Now, the firm is rebranding as Matthews Retail Advisors, a move that includes a new logo and website (http://www.matthews.com). To find out about the rebrand and the firm’s strategy, we sat down with Eric Boyd, chief marketing officer, for an exclusive interview. Boyd proves the growth has been built on innovation without detouring from the firm’s homegrown philosophy—grounded by high-client service—that drove the company to success.
08 Sep 2015
Matthews Retail Group is rebranding as Matthews Retail Advisors, complete with an operational restructuring to expand into additional CRE services, the firm’s chief marketing officer Eric Boyd and chairman and CEO Kyle Matthews tell GlobeSt.com. We spoke exclusively with the two about the changes taking place, what prompted them and how the firm’s clients will be affected by all of it.
18 Aug 2015
Radoslav Zlatkov has joined Matthews Retail Advisors as chief financial and operations officer. The position is the first at the growing company. The former director of finance at Keurig Green Mountain Co., Zlatkov is known for helping to take Keurig from a $500 million company to $4.5 billion company. This career move is a transition back into real estate, which is the industry he studied at the University of Southern California’s Marshall School of Business, where he had a dual concentration in investment and financial markets and real estate.
10 Jul 2015
Anyone investing in commercial real estate has a sense of what cap rate means. Sellers want to sell at the lowest cap rate possible. Buyers want the highest cap rate they can get without sacrificing security. But how does Cap rate really affect the risk of an investment? The exclusive column below by Chad Kurz, a managing partner at Matthews Retail Advisors, answers just that.
02 Jun 2015
It takes a special kind of individual to stand out from the crowd in a sector that’s exhibiting standout performance. The young professionals on the following pages represent the best and brightest in their field, with the expertise, savvy and potential necessary to bring the industry into the next phase of the cycle. These are commercial real estate’s
01 Jun 2015
There’s busy and then there’s busy. In the days prior to the recession, it seems that investors were snatching up whatever they could get—buying for buying’s sake. It’s a new day, however, and Kyle Matthews, chairman and CEO of Matthews Retail Advisors, explains how there’s a new investment discipline pervading the market. We caught up with Matthews at RECon for this exclusive video interview. You’ll also hear Matthews’ views on: Which investors are gravitating toward which assets; The importance of value-add to the REIT investor; Why we should all just relax a bit about cap rate compression fears.
12 May 2015
Smart retailers are realizing that consumers do their research online before entering the store, so they’re tweaking their digital and physical sales processes to provide a more efficient experience for both the retailer and the consumer, Matthews Retail Advisors Chairman and CEO Kyle Matthews tells GlobeSt.com. We spoke with Matthews exclusively about brick-and-mortar leasing trends as well as creative ways retailers are using omni-channel retailing to increase sales.
06 May 2015
“When considering a broker, never forget ’It takes a year to get a year’s experience,’” Patrick Toomey, Managing Partner with Matthews Retail Advisors, tells GlobeSt.com. We spoke with Toomey exclusively about what an experienced broker or team adds to the business and how to avoid pitfalls when hiring a broker.
06 Aug 2013
Since low rates helped the recovery in pricing as much as anything, “much depends on where interest rates go,” says Green Street’s Rothemund.
22 Mar 2013
Those who follow @GlobeStcom on Twitter and @GlobeStLIVE may have seen a post teasing the announcement, but GlobeSt.com has learned exclusively that Patrick Toomey has joined Colliers International as a SVP. The move adds strategic depth to Colliers’ investment capabilities on the West Coast.
18 Jan 2013
Colliers International has hired Kyle Matthews and team from Marcus & Millichap’s National Retail Group. The team specializes in investment sales of retail properties across the U.S., with an emphasis on the West Coast.
15 Oct 2012
GlobeSt.com has learned exclusively that a regional real estate developer has sold Riverview Place, a 45,525-square-foot shopping center in the Newhall district here, to a Southern California-based private investor for $12.5 million, which equates to $275 per square foot. The sale was subject to the assumption of a CMBS loan.
07 Aug 2012
Many of you may have seen a post teasing the announcement, but GlobeSt.com has exclusively learned that the Glendora Shopping Center has changed hands for $14.8 million. The center, located at 133 W. hwy. 66 is approximately 107,000 square feet and tenants include Albertson’s and Ace Hardware, among others.