RESIGHT is pleased to announce the sale of a neighborhood retail service center located in Long Beach, California. The property sold to a local real estate investor and closed at the end of 2016. During RESIGHT's ownership period we performed building upgrades, stabilized tenant leases and conducted environmental investigation and remediation.
The property is located in an appealing real estate market area which is densely populated with more than 250,000 people within 3 miles of the property. This unique property fit directly within our key investment criteria which is to bring value to impaired real estate properties in urban infill markets throughout the United States.