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24 Hour Fitness, Dollar General Anchored Center Sells for $15.89 Million in Montclair, Calif
Located at 9710-9886 Central Avenue in Montclair, the Montclair Town Center is a 96,989-square-
“Demand remains high for value-add retail investments in southern California,”
Frank Vora, an investment specialist at Progressive Real Estate Partners noted, “The value-add component attracted a tremendous amount of interest from the retail investment community where overall supply has continued to remain tight.”
The buyer was Montclair-ET, LLC from Encino, Calif. The seller was Montclair Town Center, LLC based in Rancho Cucamonga, Calif.
About Hanley Investment Group Real Estate Advisors
Built on a solid foundation of performance, integrity and dedication, Hanley Investment Group Real Estate Advisors is a boutique retail investment brokerage firm with a three billion dollar transaction track record that is comprised of innovative specialists delivering unparalleled service and superior results that consistently exceed client expectations. Hanley Investment Group’s expertise, commitment and unwavering focus of putting the client’s needs first have continued to set the company apart in the industry. Hanley Investment Group works closely with individual investors, developers, and institutional property owners in every facet of the transaction to insure that the highest value is achieved. Clients rely on Hanley Investment Group to be the most knowledgeable and trusted source for valuation services, market information and retail property acquisitions and dispositions. For more information, visit the Company’s website at www.hanleyinvestment.com or call (949) 585-7610.
About Progressive Real Estate Partners
Progressive Real Estate Partners is a boutique commercial brokerage firm headquartered in Rancho Cucamonga, California. Founded in 2009, the firm specializes in the leasing and sale of retail properties in Southern California’s Inland Empire and San Gabriel Valley regions. Since the firm’s inception Progressive has completed over 300 lease and sales transactions in over 35 cities throughout the two regions. Progressive uses the latest marketing and brokerage techniques to help retailers and property owners achieve their real estate goals. The firm is led by Brad Umansky, founder and president. For further information visit www.progressiverep.com.
Anne Monaghan / Monaghan Communications