IE Business Daily Business news for the Inland Empire.
A freestanding building in Fontana that is home to a Jack in the Box restaurant has been sold.
The structure, at 17020 S. Highland Ave., sold for $2.3 million, according to a statement released by Hanley Investment Group.
Hanley Investment represented the seller, Adler Realty Investments in Woodland Hills, the project’s developer.
The buyer, whose name was not released, was a private investor represented by Marcus & Millichap.
The building sits on half an acre at the entrance to Highland Village, a recently completed shopping center.
That project, which is next to the Foothill Freeway at Sierra Avenue, is anchored by a Sprouts Farmers Market and includes Raising Cane’s Chicken Fingers, Burgerim, Jersey Mike’s, Oggi’s Restaurant and Mountain View Tires.
Nearly 120,000 vehicles exit at Sierra Avenue on a typical day, according to the statement.
Highland Village is across the street from the Fontana Promenade, site of a future Walmart super center.
