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11/21/25
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Five Points Plaza, a 129.7k sf, grocery-anchored retail center in Riverside, was acquired by Longpoint in a recent $31 mil ($239/sf) transaction. The property, located at 4652-4822 La Sierra Ave, was sold by a family investment entity that had developed the center.
The center is anchored by a top-performing Stater Bros location alongside Del Taco, Jack in the Box, Dollar Tree and additional shops tenants. The shopping center has maintained strong performance over its nearly four-decade operating history, with the Stater Bros grocery anchor representing one of the chain's highest-performing locations.
Five Points Plaza is strategically situated near the intersection of SR-91 and I-15, surrounded by recreational amenities including parks, Hidden Valley Golf Club, Harvest Riverside Airport and Lake Matthews. The center's position along this major thoroughfare provides excellent visibility and accessibility for the diverse tenant mix.
Riverside is home to approximately 319,190 residents with a median household income of $88,575 and a relatively young median age of 31.3 years. The diverse community maintains significant Hispanic and Latino population creating a varied consumer base. This demographic profile supports strong retail performance in the market, contributing to the shopping center's sustained success over nearly four decades.
Daniel Tyner, Gleb Lvovich and Geoff Tranchina with JLL Capital Markets represented the buyer in the deal.
“Five Points Plaza represents a unique opportunity to acquire a strong performing grocery anchored shopping center within a growing area of the Inland Empire,” said Tyner. “Capital formation across various investor types for grocery anchored retail remains robust.”
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