Orange County Retail Center Trades in 1031 Exchange

The Row on Harbor. Image courtesy of JLL Capital Markets

DMI Real Estate Group has sold The Row on Harbor, a 23,314-square-foot retail strip center in La Habra, Calif. The buyer acquired the property in a 1031 all-cash exchange.

Completed in 1972 and completely renovated in 2020, the retail center features 15 stores and approximately 120 parking spaces. The shopping center comprises a mix of highly rated restaurants and retail services.

Tenants at the property include AkaFuji, Bodhi Leaf Coffee Traders, EggBred, Feu Noodle Bar, Harbor Mexican Café, Furai Chicken, Cuzco Peruvian Restaurant, AKT Fitness, Sisu, Beauteous Nails, Code Ninjas and Club Pilates. The Row on Harbor was 100 percent leased at the time of sale.

The retail center is located at 1450-1478 S. Harbor Blvd., on the border of La Habra and Fullerton, in an affluent Orange County area. The property is situated near the Imperial Highway and Harbor Boulevard intersection, in an area where the daily traffic count reaches approximately 38,000 vehicles. The Row on Harbor serves households with an average income of $140,000 within a 1-mile radius.

JLL Capital Markets brokered the transaction, with Senior Director Daniel Tyner and Managing Directors Geoff Tranchina and Gleb Lvovich working on behalf of the seller. Another JLL Capital Markets team led by Senior Managing Directors Jose Cruz and Kevin O’Hearn, Director J.B. Bruno and Associate Mark Belenky represented AFL-CIO Building Investment Trust in the $71 million sale of a 395,000-square-foot grocery-anchored retail center in Riverhead, N.Y.