DealPoint Merrill closed escrow on a vacant Kmart anchored center for their new redevelopment project
Los Angeles, CA – May 30th, 2014, DealPoint Merrill purchased the 151,396 SF Bay View Plaza shopping center previously anchored by Kmart, and is scheduled for redevelopment.
DealPoint Merrill’s executives, David Frank, CEO, negotiated the transaction, and Sterling McGregor, Chief Investment Officer, handled the due diligence for the sale. Mark Mimms of Sperry Van Ness®/DealPoint Merrill Properties Corporation, and Mark Yadisernia of Sperry Van Ness-Rich Investment Real Estate Partners were the brokers. The transaction was financed by Rodeo Capital.