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
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
×
Log in
If you created your account with Google or Facebook
Don't have an account?
Create an Account
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Account Settings
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