ValueRock's News
IRVINE, Calif., April 2023 – ValueRock’s Senior Managing Director, Dennis Vaccaro, notes that Asian grocery store operators have adopted a successful sub-tenant business model imported directly from overseas. Vaccaro shares, “Asian operators have a completely different business model than traditional American grocers. They sublease a large percentage of their floor area to subtenants. If you enter the new H Mart in Irvine, you’ll see this if you look closely. Or, in any Asian grocery store, you’ll notice this happening.” He explains
IRVINE, Calif., March 2023 – ValueRock Realty, one of the nation's leading real estate investment and operating companies has acquired the 20,000-square-foot 24-Hour Fitness located at 22331 El Paseo, Rancho Santa Margarita.
IRVINE, Calif., February, 2023 – Little France Coffee & Bakery has expanded its footprint, to double its retail space within College Center in Mission Viejo, CA. Close to The Shops at Mission Viejo, Little France ranks #13 in Yelp’s Top 100 US Restaurants 2023. This is a huge accomplishment for restaurant owner Shahin Joudat who opened the cafe to showcase pastry chef Lionel Touya’s skills. Originally from Cognac, France, the pastry chef uses ingredients and techniques learned while working in his father’s pastry shop, and by winning pastry competitions across France.
IRVINE, Calif., February, 2023 – ValueRock Realty, one of the nation's leading real estate investment and operating companies has acquired the 45,771-square-foot Tustin Medical Arts Center located at 1101 Bryan Ave, 13362 Newport Ave, 13372 Newport Ave, 13422 Newport Ave, Tustin, CA for $18 million. Tustin Medical Arts Center presented an opportunity to acquire value-add medical offices on 3.89 acres of land.
IRVINE, Calif., January, 2023 – ValueRock Realty, one of the nation's leading real estate investment and operating companies has acquired the 4,093-square-foot commercial project located at 1212-1220 Highland Ave., in the heart of Manhattan Beach, CA for $11 million.
IRVINE, Calif., January, 2023 – ValueRock Realty, one of the nation's leading real estate investment and operating companies has acquired a 60,000-square-foot value-add center, The Ranch, in Diamond Bar, CA for $11.5 million. The property is comprised of a mix of retail and office on 5.36 acres of land.
ValueRock Realty Sells a Bank of America in Hawthorne, CA for $11.125 million
IRVINE, Calif., December, 2022 – ValueRock Realty, one of the nation's leading real estate investment and operating companies has sold a 12,919-square-foot single tenant absolute triple net leased to Bank of America located on Hawthorne Blvd. in Hawthorne, CA.
This investment presented a rare opportunity for the city to purchase a large parcel of 1.12 acres fronting City Hall for future use.
Tesla showroom, Service Center Coming to Aliso Viejo
Property owner ValueRock gets the city's OK to replace the Michael's, Tuesday Morning and part of the vacant Lowe's with the Tesla facility.
IRVINE, CA (November 2022) - Three stores at The Commons retail shopping center in Aliso Viejo will be converted into a Tesla showroom and service center, according to property owner ValueRock.
The city council approved a conditional-use permit in July to remodel the center, which lost its key anchor, Lowe’s, in 2019.
(Source: OC Register) Read More
ValueRock Realty Sold a Sprouts Farmers Market in Folsom, CA for $11.3M
IRVINE, CA (October 2022) - ValueRock Realty, one of the nation's leading real estate investment and operating companies has sold the single-tenant net leased sale of a Sprouts Farmers Market in Folsom, CA. The grocery store was part of The Bidwell Center, near the Mercy Hospital, Folsom Middle School, Lembi Park, Kohl’s, Walmart, and 24-Hour Fitness. The sale price was $11.30 million, representing a 5.45 percent cap rate, one of the lowest cap rates for a single-tenant grocery store in Northern California, according to CoStar.
South OC Entry - OCBJ
IRVINE, CA (May 2022) - In February and March, 99 Ranch signed two leases totaling 86,430 square feet in Tustin and Aliso Viejo, respectively.
The stores will be located in two retail properties by Irvine-based ValueRock Realty Partners. In the larger of the two deals, 99 ranch signed a 45,000-square-foot deal at Aliso Commons, a 14.5-acre shopping center near the intersection of Aliso Creek Road and 73 toll road, with tenants including Michaels, Trader Joes, Taco Bell, and Walgreens. The grocer will take up a portion of a former Lowe's Home Improvement store. It'll be 99 Ranch's first location in South OC. ValueRock said late last month that 99 Ranch would also join the retail landlord's Larwin Square Shopping Center at 500 E. 1st St. in Tustin.
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ValueRock Adds Target in Yorba Linda, 99 Ranch Market in Tustin
IRVINE, CA (April 2022) - ValueRock Realty Partners, one of the nation's leading retail and mixed-use real estate investment and operating companies, has signed three leases totaling 85,800-square-feet of space at two retail centers in Orange County. The activity includes the addition of national retailers Target and Denny’s to the tenant lineup at Valley View shopping center, located in Yorba Linda, Calif. The company has additionally signed a lease for a new 41,400-square-foot 99 Ranch Market at Larwin Square in Tustin, Calif.
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More Residential Conversions on Tap for Long Beach,
California
IRVINE, CA (February 2022) - The office property at 6700 E. Pacific Coast Highway in Long Beach, California, may soon be converted into residential space. (CoStar) The seller was Irvine, California-based ValueRock Realty Partners. The sale price was well above average for the downtown Long Beach office market.
"We greatly support the city of Long Beach's vision of redevelopment and are excited to select Holland and Invesco to develop this property," Vaccaro said. Read More
Valuerock Acquires Triple Net Lease Assets For $5.85m And Announces Hotel Grand Opening In Orange County
IRVINE, CA (May 21st, 2021) - ValueRock Realty, one of the nation's leading real estate investment and operating companies has acquired a CVS Pharmacy in Greenville, SC, along with two Chipotles located in Carrollton, GA, and Syracuse, NY. These strong credit national tenants are on long-term NNN lease structures, the properties presented ideal lower-risk investments during the COVID 19 crisis.
ValueRock Realty Acquires Mel's Drive-In in Santa Monica for $6.2M
Irvine, CA (October 19, 2020) - ValueRock Realty, one of the nation's leading real estate investment and operating companies has acquired Mel’s Drive-In, an iconic restaurant building, in Santa Monica for $6.2 million. The property is located on Lincoln Blvd at the Interstate 10 off-ramp where Route 66 begins meeting the Pacific Coast Highway. The transaction closed in 5 days with a 25-day escrow period. Read More
