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Last Updated ( Wednesday, 18 July 2012 20:13 )
DATE_FORMAT_LC2=Wednesday,July 18 2012 12:00:00 am EDT   
O'Connor/Wafra Acquires Carmel Plaza

CarmelPlazaCarmel, Calif.  — O'Connor Capital Partners and Wafra Investment Advisory Group via O'Connor/Wafra Retail Partners have acquired the 111,781-square-foot Carmel Plaza in Carmel from Macerich.

The lifestyle center features tenants Tiffany & Co., Louis Vuitton, Bottega Venetta, J. Crew and Anthropologie.

Carmel Plaza is the only shopping center in downtown Carmel, according to O'Connor Capital Partners. The acquisition of this center marks the sixth transaction between the two companies. Eastdil represented the seller, Macerich, in the transaction. According to local media reports, the center changed hands for $52 million.

— Brittany Biddy


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