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Inland Empire Business News June 19th.003
Inland Empire Business News June 19th.003

Retail buildings in High Desert are sold

A portion of an Apple Valley shopping mall has been sold.

Pacwest Management in Los Angeles bought four retail buildings at Rancherias Plaza for $3.1 million from Huntington Beach Partnership, according to a statement.

The sale was announced Wednesday. The property, which is about 40 percent occupied, includes Domino’s Pizza, GNC, Boost Mobile and H&R Block, among other tenants.

Pacwest hopes to buy more of the mall in the future should it be placed on the market, said David Wick, an associate with Marcus & Millichap Ontario who represented Pacwest Management in the negotiations.

The company, which buys, sells and manages shopping malls, is currently working on bringing a restaurant to the mall, Wick said.

Rancherias Plaza sits on nearly four acres on US Highway 18 between Rancherias and Bass Hill roads. It is across the street from a Walmart and next to Apple Valley Commons, a regional shopping mall developed recently by Lewis Retail Centers and anchored by a Super Target, Ross Dress for Less and a Dollar Tree, according to the statement.

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