California

Fontana, Calif. — SRS Real Estate Partners has arranged the sale of Heritage Crossings, a fully leased retail property located at 7470 Cherry Ave. in Fontana. A Southern California-based development firm sold the asset to a private investor for $7.6 million. Built in 2008 on 2.8 acres, Heritage Crossings features 16,273 square feet of retail space. Current tenants include 7-Eleven, Boston Market, Subway and Little Caesars. John Redfield and Chris Tramontano of SRS’ National Net Lease Group represented the seller, while Jigar Shah of Century 21 Discovery represented the buyer.

Fontana, Calif. — SRS Real Estate Partners’ National Net Lease Group has arranged the $7.6 million sale of Heritage Crossings, a fully leased 16,273-square-foot retail center located at 7470 Cherry Avenue in Fontana. John Redfield and Chris Tramontano of SRS represented the seller, a Southern California-based development firm. Jigar Shah from Century 21 Discovery represented the buyer, who was a private investor in a 1031 exchange. Built in 2008 and situated on 2.9 acres, the center is occupied by 7-Eleven, Boston Market, Subway and Little Caesars Pizza.

San Bernardino, Calif. — Progressive Real Estate Partners has arranged the sale of a retail property located at 2067 E. Highland Ave. in San Bernardino. Sage Invesco and Pacific Riviera Properties sold the asset to a San Bernardino County-based private investor for $4.7 million. or $919 per square foot. Greg Bedell of Progressive Real Estate Partners represented the seller, while Choong “Bruce” Lee of NewStar Realty and Hope Kim, an independent broker, represented the buyer in the deal. Built in 2020, the three-tenant building features 5,058 square feet of retail …

Rancho Cucamonga, Calif. — Progressive Real Estate Partners has arranged the sale of a single-tenant retail property located at 6644 Carnelian St. in Rancho Cucamonga. A Santa Barbara County, California-based private investor sold the property to a San Bernardino County, California-based private investor for $3.3 million. Greg Bedell of Progressive Real Estate Partners represented both parties in the transaction. Originally built as Pomona First Federal Bank in 1979, the 4,278-square-foot location was acquired by US Bank in 2008 and has operated continuously as a bank for the past 42 years.

Fontana, Calif. — Hanley Investment Group Real Estate Advisors has arranged the $3.3 million sale of a single-tenant retail building occupied by Sit ‘n Sleep in Fontana. Kevin Fryman, Bill Asher and Jeff Lefko of Hanley Investment Group represented the seller, Adler Realty Investments, in the transaction. The buyer, a private 1031 exchange investor based in the Inland Empire, purchased the property. The 8,400-square-foot Sit ‘n Sleep store is situated within Highland Village Shopping Center. The center is home to tenants including Sprouts Farmers Market, Jack in the Box, Raising …