Baltimore-based real estate investment and management company, Continental Realty Corporation (CRC), has expanded into the Southern California retail market with its recent acquisition of South Coast Collection (SoCo) in Costa Mesa. The property, a 97% leased luxury home furnishing and design lifestyle center spanning 292,000 square feet, was sold for over $100 million in one of the largest single-asset retail deals of 2023.
The seller was represented by Eastdil Secured managing director Christopher Hoffman and director Mark Damiani. Over the past three years alone, CRC has acquired nearly $740 million worth of retail real estate.
Built in 2007 at its location on Hyland Ave., SoCo also features The OC Mix – a popular shopping and dining destination covering 15,000 square feet. According to Josh Dinstein, Senior Vice President of Acquisitions for CRC: “South Coast Collection is unmatched among shopping venues within this affluent trade area.”
