Shopping center tenants include anchor WinCo Foods, Dollar Tree and McDonald’s
LOS ANGELES (June 5, 2017) – Savills Studley’s Capital Markets Group LA successfully sold WinCo Plaza, a 147,943-square-foot regional shopping center located in Medford, Oregon, the state’s fourth largest metropolitan area. The property was purchased by Larkspur, Calif.-based Argonaut Investments, a privately held real estate investment and management firm with holdings throughout the Western United States. The seller was a private family office.
WinCo Plaza, located at the Northwest quadrant of Barnett Road and the I-5 Freeway, is the region’s dominant grocery-anchored shopping center. With high visibility, including monument signage along Barnett Road, and easy accessibility via the freeway, the center draws residents from the city of Medford as well as surrounding communities. In addition to anchor WinCo Foods, which occupies 94,500 square feet, other plaza tenants include Dollar Tree, McDonald’s, Payless ShoeSource and Valley Immediate Care.
Savills Studley’s Maurice Nieman, Executive Managing Director, handled the transaction negotiations, bringing the seller and buyer together at the conclusion of a comprehensive marketing campaign.
“The ownership did an excellent job of positioning the center, including fostering a synergistic, financially stable tenant mix that appealed to investors,” said Nieman, who represents the seller on a national basis.
“Argonaut, which maintains an exceptional shopping center portfolio on the west coast, saw an opportunity to acquire a highly desirable and dominant center in the densely populated and growing community of Medford. The asset aligned with their investment strategy of purchasing centers that meet the inherent needs of the communities they serve,” added Nieman.
About Savills Studley
Savills Studley is the leading commercial real estate services firm specializing in tenant representation. Founded in 1954, the firm pioneered the conflict-free business model of representing only tenants in their commercial real estate transactions. Today, supported by high quality market research and in-depth analysis, Savills Studley provides strategic real estate solutions to organizations across all industries. The firm’s comprehensive commercial real estate platform includes brokerage, project management, capital markets, consulting and corporate services. With 29 offices in the U.S. and Canada, and a heritage of innovation, Savills Studley is well known for tenacious client advocacy and exceptional service.
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