October 28, 2009 - Alliance today announced that it has acquired a leasehold interest with a prominent supermarket as its tenant in Fountain Valley, CA.
In its latest transaction, Alliance Equities, LLC, headed by Ben Reinberg acquired a single tenant leasehold interest with Stater Bros. as the current tenant. Stater Bros., founded in 1936, has been doing business on the subject property since 1977. A Fortune 500 company, Stater Bros. is the largest privately owned supermarket chain in Southern California, with annual sales in excess of $3.5 billion. The property, located in the densely populated Central Orange County area, made this an attractive investment for Alliance.
"Alliance quickly recognized the superior real estate fundamentals associated with this property; yet it became clear that our expertise made us the only true candidate to understand and deal with the numerous complexities that came along with this transaction," stated Alliance Equities LLC Founder & President Ben Reinberg. "After 11 amendments to the sales contract, I think Alliance has proven without a doubt that we stand by our tagline, "We are Committed to Close."
This latest transaction again solidifies Alliance's presence as a leading edge commercial real estate acquisition firm. |