Investment sales

Rancho Cucamonga, Calif. — Southern California-based firms Redwood West and Panattoni, in partnership with Prime Finance and Prism Places, have acquired Victoria Gardens, a 1.2 million-square-foot lifestyle retail center located in the Inland Empire city of Rancho Cucamonga. New York City-based Brookfield Properties, a subsidiary of Brookfield Corp., sold the open-air mall for $530 million. Ares Real Estate provided debt financing for the transaction. “We see tremendous opportunity with Victoria Gardens,” says John Pomer, co-founder and managing partner at Redwood West, “It is a one-of-a-kind, highly productive asset with deep roots in …

Murrieta, Calif. — Hanley Investment Group Real Estate Advisors has arranged the $6.9 million sale of two single-tenant retail properties located in Murrieta, roughly 65 miles north of San Diego. The property features two separate, standalone pads across 1.8 acres. Quick Quack Car Wash occupies 4,126 square feet on a 20‑year, absolute triple‑net ground lease that includes 12 percent rental increases every five years. There are 17 years remaining on the lease with multiple renewal options. Popeyes will occupy a 1,983-square-foot restaurant on the other pad on a 20-year absolute, triple-net …