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Visalia, CA—Matthews Real Estate Investment Services™, a commercial real estate investment services and technology firm, listed Mary’s Vineyard shopping center located at 1305-1699 East Noble Avenue, Visalia, CA. Boasting 162,985 square feet and 36 tenants, the center sits on 16.84 acres. The property is exclusively listed by Associate Carter Hamilton and First Vice President and Senior Director Matt LoPiccolo.
Mary’s Vineyard currently has 92% occupancy, featuring several anchor tenants, including Save Mart Supermarket, Starbucks, McDonald’s, CVS Pharmacy, and more. Current ownership has owned the land since 1920, as it was the family’s original homestead. The center was developed in 1989 and has been run as a family business ever since. The owners decided to sell and capitalize on growing investor interest.
“Our clients have successfully owned and operated the shopping center for over 30 years,” Hamilton said. “We are excited to showcase the incredible opportunities this asset offers and find the highest quality buyers.”
CapRock Partners recently broke ground on a 1.27 million-square-foot industrial warehouse in Visalia, set to be completed in Q3 2024. The warehouse will bring Class A logistics and distribution space to the Central Valley. Visalia is a hot market for industrial developers as it is 230 miles north of Los Angeles and 230 miles south of San Franciso, establishing it as a prime distribution hub. New developments will bring in new consumers, spurring retail activity in the area.
“Visalia is a rapidly growing market with new developments bringing large workforces to the area,” LoPiccolo said. “Retail has held strong against the volatile interest rates, and in markets like Visalia, we are seeing healthy, competitive transaction activity.”
Matthews Real Estate Investment Services™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 600 agents and support staff in 20+ offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.
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