Property Sale
MDC Orchestrates Sale of Downtown L.A. Retail Center
MDC Realty Advisors is pleased to announce the successful sale of 9th & Flower, a high-profile 55,000 square foot grocery-anchored retail center located at the base of Market Lofts in Downtown Los Angeles.
Positioned at the intersection of 9th St & Flower Street, this high-profile location is within walking distance of LA Live, Crypto.com Arena, and the city’s expanding residential and entertainment districts.
Anchored by a high-volume Ralphs Fresh Fare grocery store, the property is 100% leased to a mix of essential retail and quick-service restaurant tenants including The UPS Store, Supercuts, Simply Salads, Qwench Juice Bar, Honeymee, and Momi Sushi.
Originally acquired as a core investment, the property has experienced a high level of occupancy and steady income growth throughout MDC’s investment period. We thank our partners for their trust and collaboration throughout the life of this investment.
The successful completion of this sale will allow MDC to re-deploy capital into our targeted, high-growth markets, ensuring we continue to deliver strong, forward-looking investment opportunities for our clients.