NEW YORK—O’Connor Capital Partners and Wafra Investment Advisory Group, through the joint venture of O’Connor/Wafra Retail Partners, have acquired Carmel Plaza, a 111,781-sq.-ft. retail center in Carmel, Calif.
Located in downtown Carmel, Carmel Plaza anchor’s the town’s street retail district. Tenants at the property include Tiffany & Co., Louis Vuitton, Bottega Venetta, J.Crew and Anthropologie, as well as several local tenants and restaurants. Carmel Plaza is the only shopping center in downtown Carmel.
O’Connor/Wafra Retail Partners focuses on acquiring high-performing retail centers throughout the U.S. The Carmel Plaza acquisition marks the sixth by the joint venture.