IE Business Daily Business news for the Inland Empire.
A neighborhood shopping center in Victorville has been sold.
The Shops at Bear Valley, a four-building facility that is 95 percent occupied, has sold for $9.8 million, according to a statement released Friday by Faris Lee Investments.
The buyer was an investment company in Beverly Hills whose name was not released. Santa Barbara-based Invest West Financial Corp., which developed the property in 2008, was the seller.
Shaun Riley, senior managing director with Faris Lee, represented both parties in the transaction.
The Shops at Bear Valley is located at 13605-13631 Bear Valley Road in one of the city’s most heavily traveled corridors. It’s about one-half mile from the Mall of Victor Valley, and its tenants include McDonalds, Fitness 19, Schools First Credit Union and KinderCare.
