IE Business Daily Business news for the Inland Empire.
A mixed-use complex in Ontario that fell into bankruptcy is back on the market.
Plaza Continental, at Inland Empire Boulevard and Porsche Way immediately north of Interstate 10, is being marketed by Keen-Summit Capital Partners LLC in New York, according to a statement.
The 120,000-square-foot center consists of restaurants and office space, including Black Angus Steakhouse, El Torito and Benihana. Office tenants include Century 21 Town & Country, West Coast Ultrasound and Platt College Los Angeles, a vocational and design school.
The project’s main building started as an outlet mall but was converted to office space in the late 1990s.
Plaza Continental generated approximately $1.4 million in revenue last December, according to the statement.
Asking price for the project, which is near Ontario Mills, Ontario Convention Center and Citizens Business Bank Arena, is $28.5 million and offers are being considered, according to the statement.
Keen-Summit specializes in renegotiating and restructuring leases. It also manages accelerated real estate sales, according to the company’s website.
