The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
May 28, 2020
 Search RENTV
 Video Programs
News Home Page
Southern California
Northern California
Pacific Northwest
Prop. Management
Press Releases
 R. E. Marketplace
Service Providers
Property Spotlight
 RENTV  Conferences
Subscriber Login:
Forgot Password?

Printer-friendly Version   Email an Associate
International Properties Holding Group LLC Buys 143k sf Inland Empire Retail Asset


In a recent Inland Empire retail buy, International Properties Holding Group LLC has acquired San Bernardino Target Center, a 143k sf property in San Bernardino. The center, located at 499 W. Orange Rd, was sold by Brixmor Property Group.

The property is situated one exit north of the 215 and 10 freeway interchange with an average of 360,000 cars per day. San Bernardino Center is fully occupied by a 105.6k sf Target and a 37.4k sf Big Lots.

Dixie Walker and Charley Simpson with Cushman & Wakefield represented the seller in the transaction. The buyer was self-represented. The deal value was not disclosed.

“It was a quick all-cash sale to a 1031 exchange buyer. The buyer recognized the rare ability to own a successful Target store combined with an adjacent long term Big Lots,” Walker said. “The site also had longer term re-development potential to add additional footage.”

San Bernardino County is one of the leading regions in California for job growth and population growth. Over the last few years San Bernardino has experienced explosive growth in the lease-up and development of big box industrial distribution and warehouse projects, which has translated into strong job growth and an increase in taxable sales in the immediate trade area.

Return to the Archive page




Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2020 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media