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California  + Inland Empire  + Retail  | 

NAI Capital Completes $7M Shopping Center Sale in Chino

Chino Promenade 3, a 41,431-square-foot community shopping center in Chino, CA, has traded hands for $6.85 million or $165-per-square-foot. NAI Capital’s Mario Alvarez and Marc Piron represented the seller and buyer in the transaction, which were unnamed.

The property is located at 5536-5546 Philadelphia St. in a prominent retail corridor within the West Inland Empire. The deal included two single-story retail buildings; a 24,742-square-foot movie theatre, leased to corporate tenant Cinemark USA, and a multitenant building totaling 16,689 square feet anchored by Shakey’s Pizza, along with five other tenants. The asset sits on 3.41 acres, in a central location, at the corner of Central Avenue and Philadelphia Street.

Piron says, “This is a great investment. Well-located retail centers will continue to outperform the rest of the market.”

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency integrated marketing communications roles. He is responsible for Connect’s client content operations and public relations strategy. He is involved in a range of initiatives ranging from content strategy, message development, copywriting, Social Media and content marketing services. Dennis’s communications background in the real estate industry includes working with many of the top real estate firms – from brokerage companies, developers, homebuilders, investors, owners, lawyers, asset advisors, lenders, architects and property management firms. • Marketed more than 1 Billion Square Feet of Office Space • 70,000 Multifamily/Condo Units • 15,000 Single Family Homes • 30 Million Square Feet of Retail Space • Representing Roughly $100 Billion in Investment In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. Dennis’s agency background on integrated communications teams at many reputable agencies and has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. He formerly was President of the Public Relations Society of America’s Los Angeles of public relations professional, and served on the Board of Directors. He also taught a public relations extension course at Loyola Marymount University. Dennis’s has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements.

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