By Richard Berger | February 6, 2026 | As published by GlobeSt.com
Grocery stores drive consistent daily and weekly traffic, making these centers highly attractive to food and beverage, fitness and healthcare.
This is especially true in Orange County, where the high cost of land and construction, strict zoning and lengthy entitlement processes constrain new supply, according to Matt Hammond, principal at Coreland Companies.
This week, Barings sold Seacliff Village, a grocery-anchored shopping area located in Huntington Beach, California, to Asana Partners, in a deal arranged by JLL Capital Markets for $151 million.
Hammond called it “a well-established retail destination near the affluent coastal area [that] generates significant demand,”
“This combination of limited new supply and strong tenant performance gives landlords the platform to push rents and enhance value. With a vacancy rate that hovers around 3%, Orange County grocery-anchored retail is the most sought-after asset class in the market.”
Seacliff Village is at the intersection of Yorktown Avenue and Main Street and offers visibility along Main Street and Goldenwest Street. More than 93,500 vehicles pass by per day.
The property attracts over 4.3 million annual visitors and benefits from strong demographics, including an average household income of $168,658 and an average home value of $1.42 million within a one-mile radius.
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