IE Business Daily Business news for the Inland Empire.
Five parcels near a Riverside grocery-anchored shopping center, all occupied by regional and national tenants, have been sold.
Hanley Investment Group in Corona Del Mar negotiated the sale at Citrus Landing on behalf of private investors in San Diego and Newport Beach whose names were not released, according to a statement on the company’s website.
REZA Investment Group Inc. in Irvine represented the seller, Paragon Commercial Group in El Segundo. The transaction was completed in 16 days.
The sale included five lots that combined, cover 25,916 square feet across 5.4 acres. Chick-fil-A, Carl’s Jr., Quick Quack Car Wash, and Arrowhead Credit Union each occupy an individual parcel.
Panda Express, Cafe Bottega, and Pacific Dental occupy the fifth parcel. Cost of the transaction was not disclosed.
