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| 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.
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| 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.
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| 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.
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| 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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