Chicago-based Mesirow Financial has acquired a four-building grocery store portfolio in Southern California.

The total value of the portfolio was $28 million.

The recently built properties, located in Victorville, Hesperia and Ridgecrest, were net leased to Stater Brothers at the time of sale.

Totaling 151,802 square feet, each grocery store anchors a large destination shopping center along a high-growth transportation corridor. China Lake Shopping Center in Ridgecrest, Hook Boulevard Shopping Center and Bear Valley Shopping Center in Victorville, and Main Street Shopping Center in Hesperia represent the ‘core’ shopping locations for their respective cities.

Massachusetts-based Boston Capital was the seller.

Cushman & Wakefield is a privately held real estate services firm.

***

What’s your opinion? Send your Letter to the Editor to opinion@inman.com.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Inman Connect Black Friday Sale! Bundle our next two events or secure your 2021 All Access Pass.SEE THE DEALS×
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription