DALLAS (September 27, 2012) – SRS Real Estate Partners represented Brentwood Specialty Center, LLC in the sale of The Streets of Brentwood, a 305,428-square-foot lifestyle center. It was sold for $72.1 million to DRA Advisors, LLC. The property is anchored by a 14-screen Rave Theater and is located at 2565 Sand Creek Road in Brentwood, Calif. Neighboring retail tenants in the lifestyle center include REI, Banana Republic, DSW, Ulta Cosmetics, Ann Taylor, and Jos. A. Bank. The property sale also included a parcel of developable land approved for Phase II and 110,000-square-feet of additional retail space.
Alfred Hackbarth, senior vice president of investment sales, in the SRS Phoenix office represented the seller, Brentwood Specialty Center, LLC of Columbus, Ohio in the transaction. Hackbarth also sourced the buyer in the transaction, which was a partnership between DRA Advisors, LLC, a New York investment company, and RED Development of Kansas City, Mo.
About SRS Real Estate Partners
SRS Real Estate Partners is the largest real estate company in the U.S. exclusively dedicated to retail services. Headquartered in Dallas with more than 20 offices worldwide, SRS’ strong reach and international presence provide the company with unparalleled knowledge both globally and domestically. As a result, clients of SRS have a competitive edge through a full range of offerings including brokerage services, corporate services, development services, investment services and management services. Since its inception in 1986, SRS has built a strong foundation in the retail real estate world and grown into one of the industry’s most influential and respected leaders. Our success is measured in the achievement of our clients’ objectives, satisfaction and trust. For more information, please visit srsre.com.
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