Progressive Arranges $8 Million Sale of Circle K-Anchored Center in Southern California

by Julia Sanders

Redlands, Calif. — Progressive Real Estate Partners has arranged $8 million of The Grove, a Circle K-anchored neighborhood center in Redlands. The 39,339-square-foot property is situated at 1542-1598 Orange St. Greg Bedell of Progressive Real Estate Partners represented the Los Angeles County-based seller. Melody Waltz of Realty Executives Riverside represented the buyer, a Riverside County-based private investor group. Built in two phases in 1987 and 1990, The Grove was 80 percent occupied at the time of sale by a mix of businesses including restaurants, beauty users and other services with an average occupancy history of 11 years.

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