IE Business Daily Business news for the Inland Empire.
A mixed-use property in downtown Redlands has been sold for $3.5 million.
The Feldkamp family bought the property at 21 W. Stuart Ave., a two-building site in the city’s packinghouse district, according to CBRE.
The seller was a private investor whose name was not released. CBRE represented both parties in the transaction.
Combined, the brick buildings next door to the historic Santa Fe Depot cover nearly 16,300 square feet. Both were built in 1889 to store and sell hay, grain, and agricultural equipment for use in the local citrus industry, which was booming at the time.
Since 2002, the buildings have been the headquarters of Statistical Research, Inc. The Feldkamps, the property’s ninth owner, want to attract retail users, including traditional retailers, breweries, restaurants, and live entertainment operators, according to the statement.
