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Desert Capital Ventures Acquires Whittier's La Pico Plaza, Progressive Real Estate Partners Arranges Deal

Desert Capital Acquires Whittier’s La Pico Plaza for $6M

Rancho Cucamonga-based retail specialist Progressive Real Estate Partners has arranged the $6 million sale of La Pico Plaza, a 21,000-square-foot neighborhood retail center in Whittier, CA. The Circle K-anchored center is 100% occupied and was purchased by Desert Capital Venture from a private Orange County-based investor.

Progressive Real Estate Partners’ Senior VP of Investment Sales Greg Bedell exclusively marketed the property, while Marcus & Millichap’s Drew Wetherholt represented the buyer, which owns a portfolio of properties across the U.S.

Located at the intersection of Painter Avenue and Mulberry Drive, La Pico Plaza features a diverse mix of 14 service-oriented local tenants primarily on Triple Net-Leases. The center is also directly across from Whittier Union High School and is the only commercial retail property at the intersection.

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Inside The Story

Progressive Real Estate PartnersDesert Capital VentureDrew Wetherholt

About Mark Nieto

Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.

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