IE Business Daily Business news for the Inland Empire.
A retail property in San Bernardino occupied by Food 4 Less and Ross Dress for Less has been sold.
Wood Investment Companies Inc. in Costa Mesa bought the property at 505 an 555 W. 2nd St. for an undisclosed sum, according to a statement.
The seller was Canyon Developer, LLC and 505 West Second, LLC.
Both stores cover nearly 94,000 square feet on the 7.5-acre site in the heart of downtown. The property is across the street from the Carousel Mall, a dilapidated site slated to undergo major redevelopment.
Other businesses in the area include Marshalls, dd’s Discounts, Starbucks and Big Five Sporting Goods. Wood Investment plans to tear down the building formerly occupied by Union Bank and replace it with retail buildings, according to the statement.
