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Covina, Calif. — JLL Capital Markets has facilitated the $25 million sale of Grand Covina Plaza, a 111,975-square-foot shopping center located in the Los Angeles suburb of Covina. Stater Bros. Markets anchors the property, which was 89 percent leased to tenants including Dollar Tree, KFC, 7-Eleven and O’Reilly Auto Parts at the time of sale. Originally built in 1956, the center sits on 8.9 acres.
Dan Tyner, Gleb Lvovich and Geoff Tranchina of JLL’s Investment Sales and Advisory team represented the seller, a private family partnership, and procured the buyer, Longpoint, in the transaction.