IE Business Daily Business news for the Inland Empire.
A Highland shopping center with no anchor tenant has been sold.
Highland Civic Center Plaza was purchased by a private investor in Los Angeles whose name was not released for $1.2 million, according to a statement released by Progressive Real Estate Partners in Rancho Cucamonga.
The owner was an Inland Empire resident who also wished to remain anonymous. Progressive Real Estate brokered the transaction.
The property, at 27194 Baseline St., is across from Highland City Hall. It covers 8,120 square feet, with about 300 square feet of street frontage, and is about a half-mile from the Foothill Freeway.
Its tenants are exclusively smaller retailers, including Little Caesar’s, a nail salon, a hair salon, and a church. It’s one of the few retail properties in the Inland Empire without an anchor tenant that has changed hands during the COVID-19 pandemic, according to the statement.
