California

Rancho Cucamonga, Calif. — Hanley Investment Group has arranged the $6.2 million sale of two freestanding buildings in Rancho Cucamonga, in the Inland Empire area of Southern California. The properties — which are situated on a 1.3-acre-parcel — include a 2,508-square-foot Chipotle Mexican Grill and a 4,000-square-foot Starbucks Coffee drive-thru. Originally built in 2003, Chase Partners Ltd, fully renovated the property, which included a 2,500-square-foot expansion of Starbucks Coffee. Chipotle, which recently extended its property lease an additional five years, has nine total years remaining on its lease. Starbucks Coffee …

San Diego — JLL Capital Markets has negotiated the sale of a 9.3-acre redevelopment site comprising a 185,051-square-foot former department store within Mission Valley Mall in San Diego. A joint venture between Jofa Capital and BLT Enterprises acquired the property from a private seller for an undisclosed price. Daniel Tyner, Gleb Lvovich and Geoff Tranchina of JLL represented the seller in the deal.

Rancho Cordova, Calif. — Hanley Investment Group has brokered the $6.1 million sale of Shops II at Anatolia Marketplace, a multi-tenant retail pad in Rancho Cordova, approximately 13 miles from Sacramento. Built in 2023, the 9,000-square-foot property is situated on two acres. Tenants at the property — which was fully leased at the time of sale — include Anatolia Dental Group, Round Table Pizza and Livewell Pet Hospital. Bill Asher and Jeff Lefko of Hanley represented the seller, an entity doing business as Anatolia Marketplace, LLC. Frank Vora of Lee …

Colton, Calif. — Progressive Real Estate Partners has brokered the $5.2 million sale of a single-tenant retail property located in Southern California’s Inland Empire occupied by a Mobil Gas Station. Victor Buendia of Progressive represented both the undisclosed seller and buyer, an Inland-Empire-based private investor, in the transaction. The buyer plans to renovate the convenience store.

San Mateo, Calif. — JLL Capital Markets has brokered the $127 million sale of Bridgepointe Shopping Center in San Mateo, roughly 20 miles south of San Francisco. Originally developed in 1988 and renovated in 2023, the 231,700-square-foot property spans 23.7 acres. Tenants at the center, which was fully leased at the time of sale, include Ross Dress for Less, Marshalls, Nordstrom Rack, Total Wine & More, Chick-fil-A, Five Below and The Container Store. Eric Kathrein, Daniel Tyner, Geoff Tranchina, Greg Lvovich, Warren McClean and Danny Finkle of JLL Capital Markets …