California CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors


California  + Inland Empire  + Retail  | 
Longpoint Snags New Montclair Shopping Center for $23M

Longpoint Snags New Montclair Shopping Center for $23M

Boston-based real estate investment company Longpoint has acquired Cardenas Marketplace, a specialty grocery-anchored shopping center in the Inland Empire city of Montclair, CA. Completed in 2020 and 91% occupied, Longpoint paid $22.7 million for the asset which exemplifies the firm’s strategy to acquire centers anchored by grocers catering to the unique preferences of a neighborhood’s ethnic, racial or multicultural populations.

“We always aim to stay true to our motto of ‘Welcome to the Neighborhood’ or ‘Bienvenidos a Nuestro Barrio’,” said Longpoint Managing Partner Dwight Angelini. “Cardenas Marketplace presented a compelling opportunity to acquire a well-located grocery-anchored shopping center at at the heart of a densely populated trade area with a strong and growing Latin American community.”

Cardenas Marketplace is located at the busy intersection of Central Avenue and Holt Boulevard and is anchored by Cardenas Market, a leading specialty grocer providing fresh and authentic Hispanic fare. Other notable tenants include AT&T and Wendy’s.


Inside The Story


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.

  • ◦Sale/Acquisition
New call-to-action