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Longpoint Pays $31M for Riverside Center Anchored by Stater Bros.
JLL Capital Markets arranged the $31-million sale of Five Points Plaza, a 129,699 square-foot, grocery-anchored retail center in Riverside. Managing director Daniel Tyner and senior managing directors Gleb Lvovich and Geoff Tranchina represented the buyer, Longpoint. The seller was a private family who originally developed the center.
Located at 4652-4822 La Sierra Ave. near the intersection of SR-91 and I-15, Five Points Plaza is anchored by a top-performing Stater Bros. location alongside Del Taco, Jack in the Box, Dollar Tree and additional shops. The shopping center has maintained strong performance over its nearly four-decade operating history, with the Stater Bros. grocery anchor representing one of the chain’s highest-performing locations.
“Five Points Plaza represents a unique opportunity to acquire a strong performing grocery anchored shopping center within a growing area of the Inland Empire,” said Tyner. “Capital formation across various investor types for grocery-anchored retail remains robust.”
- ◦Sale/Acquisition
