Stockbridge Acquires 155,275-Square-Foot Edinger Plaza in Orange County

Nordstrom Rack, Dick’s Sporting Goods, PetSmart and Michaels are tenants at Edinger Plaza in Huntington Beach. Nordstrom Rack, Dick’s Sporting Goods, PetSmart and Michaels are tenants at Edinger Plaza in Huntington Beach.

Huntington Beach, Calif. — Stockbridge, on behalf of its Smart Markets Fund, has purchased Edinger Plaza, a power shopping center located in Huntington Beach.

Santa Monica-based Watt Cos. sold the property for an undisclosed price. Developed in 1976 and redeveloped in 2012, the 155,275-square-foot shopping center is situated on 13.4 acres. At the time of sale, the property was 99 percent leased to a variety of tenants, including Nordstrom Rack, Dick’s Sporting Goods, PetSmart and Michaels.

Megan Wood, Jimmy Slusher, Sean Heitzler and Philip Voorhees of CBRE’s National Retail Partners-West team represented the seller and buyer in the deal, which was the highest priced retail property transaction in Orange County this year, according to the brokers.

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