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Shops to Victoria Gardens is a 31,405-SF retail strip center
adjacent to the Victoria Gardens lifestyle center
in the Inland Empire community of Rancho Cucamonga, CA
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| Daniel Tyner |
NEWPORT BEACH, CA – JLL
Capital Markets announced it has closed the $13.75 million sale of Shops to
Victoria Gardens, a 31,405-square-foot retail strip center adjacent to the
Victoria Gardens lifestyle center in the Inland Empire community of Rancho
Cucamonga, California.
JLL
marketed the property on behalf of the seller,
Fit Development.
Constructed in 2007, Shops to Victoria Gardens is leased to a
diverse mix of service-oriented, daily needs and soft-goods tenants, including
DXL Men’s Apparel, Pacific Dental, Shakey’s Pizza, among others.
Situated on 2.65 acres at 12455 Victoria Gardens
Lane, the center is at the signalized entrance to the 175-acre Victoria
Gardens, which is one of the most dominant lifestyle centers in Southern
California and welcomes more than 16 million visitors a year.
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| Gleb Lvovich |
The JLL Retail Capital Markets team representing the seller was
led by Director Daniel Tyner and Managing Director Gleb Lvovich.
“During our marketing process, we were able to successfully
navigate through market turmoil in addition to overcoming an in-place tenant’s
bankruptcy,” Tyner said.
“The
irreplaceable location outside of Victoria Gardens, along with the immediate
value-add opportunity, proved to be highly attractive to the investor market.”
For more news, videos and research resources on JLL, please visit
the firm’s U.S. media center Web page: U.S. newsroom.
Jones Lang LaSalle Americas, Inc. ("JLL") is a real
estate broker licensed with the California Department of Real Estate, license
#01223413.
CONTACTS:
Daniel Tyner, JLL Director
California License #: 01959818
Phone: +1 949 798 4125
Gleb Lvovich, JLL Managing Director
California License #: 01496699
Phone: +1 949 798 4115
Kimberly Steele, JLL Senior Associate, Public Relations
Phone: +1 713 852 3420
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