CPE: Acquisition of Long Beach Mixed-Use Asset; Coreland New Management Assignment

By Tudor Scolca

Commercial Property Executive, Publish Date: March 2021

A joint venture including Turnbridge Equities, Waterford Property Co. and Monument Square Investment Group has acquired City Place Long Beach, in downtown Long Beach, Calif., from Shooshani Developers. The venture hired Coreland Cos. to act as manager for the property.

…Located on a 14-acre site, the property encompasses 10 parcels including office, retail and mixed-use adding up to roughly 340,000 square feet of usable space. City Place is located at 275 E. Fourth St., adjacent to Long Beach Boulevard and The Promenade. The surrounding area offers connections to main public transit lines and a plethora of shopping, dining and entertainment spots, while the waterfront is within walking distance.

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