HFF Arranges $43.6 Million Sale of Grocery-Anchored Shopping Center in California

Vons anchors Marigold Center, located in San Luis Obispo, California. Vons anchors Marigold Center, located in San Luis Obispo, California.

San Luis Obispo, Calif. — HFF has arranged the $43.6 million sale of Marigold Center, a 174,428-square-foot shopping center located in San Luis Obispo.

The 89-percent leased center is anchored by Vons and home to tenants including Michaels, CVS/pharmacy, Starbucks Coffee, Carl’s Jr., Wild Birds Unlimited, T-Mobile, Fantastic Sams, Tuesday Morning and Dollar Tree. Gleb Lvovich, Bryan Ley and Eric Kathrein of HFF marketed the property on behalf of the seller, Kimco Realty Corp. Donahue Schriber purchased the asset free and clear of existing debt.

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