Wednesday, June 19, 2013

HFF named to market for sale Inland Empire, California retail power center


Vernola Marketplace, Jurupa Valley, CA


LOS ANGELES, CA – HFF announced today that it has been named to market for sale Vernola Marketplace, a 382,963-square-foot retail power center in Jurupa Valley, California.

John Crump
                HFF is marketing the property on behalf of the seller, a joint venture between Rockwood Capital and Vestar. 

                Vernola Marketplace is located at 6205 Pats Ranch Road adjacent to the I-15 Freeway with exposure to more than 314,000 cars per day.

 The 22.2-acre site is situated 45 miles east of downtown Los Angeles, 20 miles from Orange County and eight miles from the LA/Ontario International Airport in the City of Jurupa Valley.

Bryan Ley
 Completed in 2007, the 210,963 square foot center is 84 percent leased to tenants including Lowe’s (not included in offering), Ross Dress for Less, Bed Bath and Beyond, Michael’s, Petco, BevMo!, Denny’s, Five Guys Burgers and Fries and Jamba Juice.

                The HFF team representing the seller is led by managing director Bryan Ley, director John Crump and senior managing director Michael Ross.

                “Vernola Marketplace is an outstanding, strategically located asset, blending core tenancy with the ability to create additional value through the re-tenanting of a 20,953-square-foot junior anchor space and 13,225 square feet of inline space,” said Ley.

Michael Ross
                Rockwood Capital is a privately held real estate investment and advisory firm. Rockwood has a long history of private equity and debt investments in various property types, including office, residential, retail, data center and hotel projects. 

                One of the leading privately held real estate companies in the western United States, Vestar specializes in the acquisition, management, and development of commercial real estate, including entertainment-retail complexes, power and lifestyle centers, and neighborhood centers of varying size and scale that serve as community shopping destinations with a unique sense of place. 

  For more information, please visit www.vestar.com.
  
For a complete copy of the company’s news release, please contact:

Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com


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