Bay Plaza Transaction Illustrates Continued Demand for In-Fill Shopping Centers
April 19, 2007 - REZA Investment Group Inc. is pleased to announce the sale of Bay Plaza. Located in the dense National City submarket of San Diego County, Pacific Castle recently purchased the property for $25,525,000 from SAFCO Capital Corporation. Comprising 127,224 square feet of leasable space, Bay Plaza is a community shopping center anchored by a 21,241 square foot Seafood City Supermarket.Reza Etedali, CEO and Founder of REZA Investment Group Inc. commented, "This transaction illustrates the continued demand for dense, in-fill shopping centers that cater to the ever-evolving demographic profile of many of Southern California's diverse communities."
ABOUT REZA INVESTMENT GROUP INC.
REZA Investment Group Inc. is the premier retail investment advisory firm with a multi-billion dollar transaction track record. We focus all of our resources exclusively on shopping centers and retail investment properties. Our transaction history ranges from high profile malls to neighborhood shopping centers. Both our business model and transactions have been nationally recognized.