California

Newport Beach, Calif. — SRS Real Estate Partners’ National Net Lease Group has arranged the sale of 13 CVS/pharmacy-occupied properties for a total of $90 million. The properties — which span a total of 195,000 square feet — are located in Arizona, Texas, Virginia, South Carolina, Idaho, Louisiana, Oklahoma, Ohio and New Jersey. John Redfield, Matthew Mousavi, Patrick Luther and Tom Power of Newport Beach, California-based SRS represented the seller, a private developer. The undisclosed buyers were individual private investors.

Rancho Cucamonga, Calif. — Progressive Real Estate Partners and Newmark have arranged the sale of a single-tenant retail building located at 8700 Baseline Road in Rancho Cucamonga. A private, Northern California-based investor acquired the property from WM Capital for $6.1 million. Brad Umansky of Progressive Real Estate Partners and Glenn Rudy of Newmark represented the seller in the transaction. Bank of America has occupied the 9,195-square-foot drive-thru property since 1976. The building is located within Country Village shopping center.

Big Bear Lake, Calif. — Progressive Real Estate Partners has arranged the sale of Village Mall at Big Bear, a multi-tenant retail property located at 40729 Village Drive in Big Bear Lake, about 41 miles from San Bernardino. An Inland Empire-based investor sold the property to a San Gabriel Valley-based investor for $3.9 million. Greg Bedell and Roxy Klein of Progressive Real Estate represented the seller, while Doreen Chen of Pinnacle Real Estate Group represented the buyer in the deal. At the time of sale, the 24,806-square-foot retail center was …

Fontana, Calif. — Hanley Investment Group Real Estate Advisors has arranged the $11 million sale of two multi-tenant retail pad buildings at Highland Village Shopping Center, a Sprouts-anchored shopping center in Fontana, about 50 miles from Los Angeles. The two buildings total 13,515 square feet and were leased to tenants including Cafe Rio, Jersey Mike’s Subs, Fatburger, Oggi’s Pizza, AB Barber and Crumbl Cookies at the time of sale. Kevin Fryman, Bill Asher and Jeff Lefko of Hanley Investment Group represented the seller, Adler Realty Investments. Mark Stein of CPMC …

Chino Hills, Calif. — Hanley Investment Group Real Estate Advisors has arranged the sale of two multi-tenant retail properties in Chino Hills for a combined $19.1 million. Ed Hanley, Bill Asher and Jeff Lefko of Hanley Investment Group represented the seller, VantageOne Real Estate Investments, in both transactions. The first transaction included the $11.4 million disposition of Chino Hills Grand Plaza to a Burbank, California-based private investor. The 12,948-square-foot retail building was leased to First Citizens Bank, Pacific Dental Services, It’s Boba Time and Pick Up Stix at the time …

Palm Desert, Calif. — Hanley Investment Group Real Estate Advisors has arranged the sale of three retail pad properties at Monterey Crossing shopping center in Palm Desert, roughly 35 miles outside Joshua Tree. Bill Asher and Jeff Lefko of Hanley Investment Group represented the seller, Fountainhead Development, in all three transactions. Located at the Interstate 10 and Monterey Avenue interchange, the three properties sold for a combined $15.7 million. The first transaction included the $7.2 million sale of a 4,738-square-foot Chick-fil-A with a double-lane drive-thru that is scheduled to open …