Whole Foods Pasadena Property Listed for $76M, Developers Cashing in on High-End Grocer

After being purchased by Arroyo Parkway, a limited liability company connected to the Kutzer Company, six years ago for $105 million from a private family trust, the 77,000 square foot property is now listed for nearly $1,000 per square foot. This property was part of a five-parcel, off-market deal, with the previous sale in 2009 for $43.3 million, according to assessor records. Newmark's Kyle Miller and Bill Bauman are handling the listing, which states that Whole Foods is committed to its current lease for another 10 years. However, this hasn't stopped developers from trying to cash in on the high-end grocer's popularity in the area. Some industry insiders speculate that the property's price may be due to the controversial development plans for the surrounding area. As one anonymous source stated, "Developers know that having Whole Foods as a tenant can attract a certain type of clientele, and they're willing to pay a premium for that." Despite the seemingly exorbitant price tag, the property is expected to generate a lot of interest from developers looking to capitalize on the success of Whole Foods in the area. Only time will tell if this property will end up in the hands of a new developer. Originally reported by The Real Deal. https://therealdeal.com/la/2025/09/04/whole-foods-leased-space-listed/