The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
March 29, 2024
 Search RENTV
   Go!
 The REview
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



INLAND EMPIRE NEWS
Printer-friendly Version   Email an Associate
Inland Empire Retail Center Acquired for $31.5 Mil by Private Investor

8/22/19

Corona Hills Marketplace, a 148.8k sf, grocery-anchored community shopping center located in the SoCal community of Corona Hills, sold for $31.5 mil ($212/sf). The property is situated on 12.28 acres at 529-591 N. McKinley St, east of I-15 and just north of the 91 Fwy.

Anchored by Vons, PetSmart and Howard’s Appliances, Corona Hills Marketplace is 98% leased to a diverse mix of daily-needs and service-oriented tenants and is shadow-anchored by Walmart. The center serves as the community shopping center for the trade area and is along one of the most well-traveled regions in the Corona Hills submarket. The property’s location along McKinley Street in addition to visibility from the 91 Freeway exposes it to more than 209,000 vehicles per day.

Gleb Lvovich, Bryan Ley and Daniel Tyner with JLL represented the seller, a public REIT. An undisclosed private investor purchased the asset.

“We are seeing a wide variety of capital targeting grocery-anchored retail along the West Coast,” Lvovich said. “Demand and fundamentals remain strong, especially in key West Coast markets. We expect this to continue, especially if interest rates continue to help investors using leverage.”





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 © 2024 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media