IE Business Daily Business news for the Inland Empire.
A La Quinta shopping center has been sold for $26.4 million.
Komar Desert Center, an 80,000-square-foot development at Highway 111 and Jefferson Boulevard, was sold to a private investor whose name was not released, according to a statement released by CBRE.
Information regarding the seller was not disclosed.
The center’s tenants include Starbucks, Mimi’s Café, Beverages & More, and Panda Express. It’s also near the only Costco in the desert region.
The sale is the one-thousandth retail transaction completed by the 19-member CBRE’s Retail Investment Team, which is based in Newport Beach. Since 2012, the team has negotiated deals involving 359 anchored shopping centers, 267 strip malls, 356 single-tenant-net-leased investments, and other retail properties.
Combined, those deals were worth nearly $14.8 billion and covered more than 75 million square feet throughout the western United States, according to the statement.
