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Grocery-Anchored Center Goes for $32M
Upland Town Square, a 100,350-square-foot, grocery-anchored retail center located in Upland, CA sold to Brixmor Property Group for $31.7 million. The seller was IRA Capital.
The 88%-occupied center’s primary anchor tenant is Sprouts Farmers Market. The property is located at 813 to 913 W. Foothill Blvd., and situated on 8.46 acres.
Cushman & Wakefield retail investment specialists Dixie Walker and Charley Simpson represented the sellers.
Walker says, “Upland Town Square is the only grocery anchored shopping center at the heavily trafficked signalized intersection of Foothill Blvd. and San Antonio Ave. As an investment, the center also provides immediate upside in leasing up the four vacant units that total 12,000 square feet of space. Further, the center offers a great opportunity to redevelop the three existing pad spaces to further increase and maximize revenue stream.”
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition




