IE Business Daily Business news for the Inland Empire.
A community shopping center in Moreno Valley has been sold.
TownGate Center, which sits on 28 acres near Moreno Valley Mall, was sold to Brixton Capital of San Diego for $41.9 million, according to a report originally published in The Press-Enterprise.
The sale closed last week.
TownGate Center’s anchor tenants include ULTA, Ross Dress for Less, Dollar Tree, Planet Fitness and TJ Maxx/Home Goods.
Nine bids were made on the shopping center. The sellers were Walton Street, a Chicago-based equity firm, and Fritz Duda Co. in Dallas, according to the report.
