California + Inland Empire + Retail | January 17, 2023

Progressive Real Estate Partners Arranges Sale of Ontario Retail Property

Progressive Real Estate Partners Arranges Ontario Outparcel Sale

Duckett-Wilson Development Company has purchased a freestanding, single-story outparcel at the Vineyard Ontario Plaza neighborhood center in Ontario, CA. Progressive Real Estate Partners’ Paul Su arranged the $1.15 million sale and leaseback of the 3,000-square-foot building, representing both Duckett-Wilson and the seller, LifeStream Blood Bank.

LifeStream is a nonprofit blood donor center, and they will continue to operate at the location and leaseback the space from the new owner. Located on 1959 East 4th St., the 100% occupied Vineyard Ontario Plaza is an 85,000-square-foot center anchored by Stater Bros, and features several dining spots including Del Taco and Popeyes.

According to a news release from Progressive Real Estate Partners, the center is located at a signalized intersection that sees 40,000 cars per day. It’s also situated across from a recently built industrial park that is home to QVC and Best Buy distribution centers.

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Progressive Real Estate Partners' Paul SuDuckett-Wilson Development CompanyLifeStream Blood Bank

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.