CBRE and NRIG-West Team Arrange Sale of South Hills Plaza for $20.7 Million

by Scott Reid

West Covina, Calif. — South Hills Plaza sits on a 9.43-acre site.

CBRE and NRIG-West have arranged the sale of South Hills Plaza, a 120,589-square-foot community shopping center in the city of West Covina, for $20.7 million. South Hills Plaza is anchored by Marukai Market and 24 Hour Fitness, along with national brands and regional retailers including Taco Bell, Subway, USPS and Charter Communication. The sale represented a 6.8 percent cap rate. CBRE’s Philip Voorhees, Jimmy Slusher, Megan Read, Matt Burson, Brad Rable and John Read represented the seller, a Los Angeles-based partnership. The buyer, also represented by Voorhees and the NRIG-West team, was LT Global. Built in 1982 with additional renovations made in 2005, South Hills Plaza sits on a 9.43-acre site.

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