City Place Long Beach

City Place is a 350,000 SF open-air urban shopping center in downtown Long Beach, CA, a fast-densifying live-work-play submarket within LA county. The property comprises 14 acres and was acquired at an attractive basis via the acquisition of a non-performing senior loan. The property benefits from downtown Long Beach’s unique combination of world-class waterfront and urban amenities such as walkability, quality retail, and access to transit. This setting provides the opportunity to unlock significant intrinsic value by re-imagining the property as a vibrant, mixed-use district.

Address
300 The Promenade N
Long Beach , CA
Submarket
Downtown Long Beach
Asset Class
Distressed Debt
Strategy
Covered Land, Distressed Debt
Size
350,000 SF
Date Acquired
March 2021
Date Sold
Currently owned by Turnbridge