IE Business Daily Business news for the Inland Empire.
A parcel In Corona occupied by a Taco Bell drive-thru has been sold.
Evergreen Development, the project’s builder, sold the property for $2.9 million, according to Hanley Investment Group Real Estate Advisors in Corona Del Mar.
Hanley Investment represented Evergreen Development in the negotiations.
Founded in 1974, Evergreen specializes in retail and multifamily projects in the western United States. It operates offices in California, Colorado, Arizona, and Utah.
Commercial Asset Group in Los Angeles represented the buyer, a private investor in Los Angeles County whose name was not released.
The corporate-owned restaurant, which opened recently, sits on nearly one acre at Temescal Canyon and Cajalco roads. That intersection, which accommodates more than 37,000 vehicles a day, is about half a mile east of Interstate 15.
