O'Connor Capital Partners and Wafra Partnerships Acquire Retail Center
O'Connor Capital Partners and Wafra Investment Advisory Group, via O'Connor/Wafra Retail Partners, have acquired Carmel Plaza
Online, July 24, 2012 (Newswire.com) - NEW YORK - O'Connor Capital Partners and Wafra Investment Advisory Group, via O'Connor/Wafra Retail Partners, have acquired Carmel Plaza, a 111,781 square foot luxury lifestyle center in Carmel, California. Carmel Plaza is located at the gateway to the picturesque downtown of Carmel and anchors the town's unique street retail offerings. The center hosts such high end tenants as Tiffany & Co., Louis Vuitton, Bottega Venetta, J.Crew and Anthropologie as well as several high performing local tenants and restaurants. Carmel Plaza is the only shopping center in downtown Carmel.
Said Joel Bayer, President and COO of O'Connor Capital Partners, "we are quite pleased to have acquired a truly unique asset in one of the most prestigious and desirable communities in Northern California."
O'Connor/Wafra Retail Partners focuses on the acquisition of high performing retail centers throughout the United States. This transaction marks the sixth by ventures between O'Connor Capital Partners and Wafra Investment Advisory Group.
About O'Connor Capital Partners
O'Connor Capital Partners is a privately held, independent real estate investment and development firm. O'Connor concentrates its efforts on making direct investments in high-quality assets in major metropolitan markets in North America. Over the past 29 years, the firm has acquired or developed more than $20 billion of property on behalf of various investment funds, institutional clients, and its own account, encompassing all major property types. The firm is based in New York with a regional office in Mexico City. www.oconnorcp.com.
About Wafra
Founded in 1985, Wafra is an investment management company offering an extensive range of investment services including portfolio securities and alternative assets management, direct equity, real estate and other structured products management. Wafra's Real Estate Division currently has over $800 million in equity under direct or asset management, representing committed capital and interests in real estate assets in the United States, Canada, Europe, and Asia exceeding $1.5 billion. www.wafrarealestate.com
# # #
O'Connor Capital Partners 535 Madison Avenue New York, NY 10022 212-308-7700