Retail center sold in California's Inland Empire
Property underwent recent renovation
By Inman News, Thursday, December 9, 2004.Inman News®
Grubb & Ellis Co. represented Westcore Properties AC LLC in the purchase of a 92,045-square-foot retail center in Corona, Calif.
The value of the transaction was $11.9 million.
The property, Corona Main Street Plaza, is located at 300-470 Main St. It was built in 1979 and renovated in 2003. Rite Aid anchors the center, which was 100 percent leased at the time of sale. The buyer owns the ground lease on the adjacent property and has plans to further renovate the center.
Torrance, Calif.-based MRES America Fund 92-I sold the property to San Diego-based Westcore.
Grubb & Ellis is a global provider of integrated real estate services.
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