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August 13, 2020
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INLAND EMPIRE NEWS
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United Trust Realty Corporation buys 7.5 Acres of Development Land in Chino

12/10/19

United Trust Realty Corporation (UTRC) purchased 7.53 acres of commercially zoned land in Chino’s College Park Master Planned Community for $2.9 mil. The property is bordered by Eucalyptus and Oaks Avenues and is the last remaining piece to be developed within the 710-acre community that also includes 2,500 residential units featuring a mix of single family and multi-family residences, a state-of-the-art clubhouse, fitness center, picnic areas and trails.

Known as the Village Center, plans for the mixed use project include approximately 15k sf of food and retail uses, a day care center and a church. In addition to the residents of College Park and the neighboring communities, the property is well positioned to also serve the adjacent Chaffey College satellite campus (3,700 students) and the 140-acre Ruben S. Ayala Park. The popular park draws an estimated 500,000 visitors annually and features softball and soccer fields, a skate park, batting cages and multi-purpose trails as well as the Chaffey College Community Center which hosts a variety of events throughout the year.

UTRC has already met with both the City of Chino and Chaffey College to review their development plans and they expect to submit for permits in the upcoming months.

Chris Lindholm with Progressive Real Estate Partners represented both the buyer and the seller, Lennar Homes, in the transaction. Chino Hills-based UTRC is a diversified commercial real estate firm with years of experience in developing a wide range of product types including retail, mixed-use and office projects in Southern California.





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