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Wholesome Choice Market is coming to the long-shuttered Orchard Supply Hardware in Mission Viejo.The company paid $11.63 million for the shopping center at 24011-24031 Marguerite Parkway.
Hanley Investment Group represented the seller, identified as an investment company based in Denver.The buyer, described by Hanley as “an Orange County-based regional grocery store operator,” was represented by Walseth Investment Co. in Newport Beach.
The LLC behind the grocer was identified through public documents.“As the user of the space, our buyer was in a unique position to acquire the property and allow the seller the ability to monetize the vacant Lowe’s space. A ’win-win‘ for both parties .
..” said Michael Walseth, president at Walseth Investment.
The shopping center was completed in 1973 and got a remodel in 2016. The 37,118-square-foot vacant OSH gobbles up most (72%) of the center, which is also home to A Cut Above, Little Caesars and Leslie’s Pool Supplies.Hanley noted that Little Caesars and Leslie’s Pool Supplies have been tenants at the center for 31 and 34 years, respectively.
Wholesome Choice, seen here at the grocer’s Culver Drive location in Irvine, has bought a dormant Orchard Supply Hardware-anchored shopping center in Mission Viejo. (File photo by Paul Bersebach, Orange County Register/SCNG)Prepared food is seen at Wholesome Choice in Irvine. (File photo by Paul Bersebach, Orange County Register/SCNG)Wholesome choiceShow Caption1 of 2Wholesome Choice, seen here at the grocer’s Culver Drive location in Irvine, has bought a dormant Orchard Supply Hardware-anchored shopping center in Mission Viejo.
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