Southern California based Gerrity recently acquired Victory Plaza, a 136,000 square-foot, open-air and grocery-anchored retail property in North Hollywood, CA, a dense neighborhood in Los Angeles’ San Fernando Valley with nearly 350,000 residents within a 3-mile radius. Victory Plaza attracts more than 2 million visitors per year, raking in the top 1% of properties within a 15-mile radius and the top 2% nationwide (Placer AI).
The property is anchored by high-performing Vallarta Supermarkets and LA Fitness, and includes Petco and CVS in adjacent, newly-constructed buildings. Victory Plaza is also home to a dynamic mix of local and family-owned restaurants and service-oriented businesses.
“Victory Plaza is an essential, everyday destination for the neighborhood, making it an excellent addition to our Prime portfolio,” said Kevin Gerrity, President. “We are excited to be investing in North Hollywood, and we are confident this property will continue to meet the needs of the community for many years to come.”
Gerrity is real estate owner, operator, and developer specializing in community-oriented retail and redevelopment of retail assets into mixed-use in suburban and infill locations throughout the Western United States. Gerrity is actively pursuing core, value-add, and redevelopment opportunities in all Western US markets. For more information, please visit gerrity.co. To discuss acquisition opportunities, contact Josh Roque at firstname.lastname@example.org.