Progressive Real Estate Arranges $8.8 Million Sale of Los Compadres Plaza in Inland Empire

Colton, Calif. — Progressive Real Estate Partners has arranged the $8.8 million sale of Los Compadres Plaza, a 47,090-square-foot retail property located at 1035 S. Vernon Ave. in the Inland Empire community of Colton. Brad Umansky, Greg Bedell and Mike Lin of Progressive Real Estate Partners represented the Los Angeles-based seller, who was also one of the original developers, in the transaction. The buyer is a Southern California-based 1031 exchange private investor. Los Compadres Plaza was 93 percent occupied at the time of sale and recently underwent renovations including new paint, roof replacements and parking lots improvements.

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