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Riverside, Calif. — Longpoint has acquired Five Points Plaza, a 129,699-square-foot retail center located in Riverside, for $31 million. Stater Bros. anchors the property, which features a mix of additional tenants including Del Taco, Jack in the Box and Dollar Tree.
Daniel Tyner, Gleb Lvovich and Geoff Tranchina of JLL Capital Markets represented the buyer in the transaction. The seller was a private family who is the original developer of the center.