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California  + Inland Empire  + Retail  | 

Shops at Ramona Expressway Trades Hands in Perris

Progressive Real Estate Partners completed the sale of the Shops at Ramona Expressway, a 9,808-square-foot multi-tenant retail center in Perris, CA. Located at 780 Ramona Expressway, the property sold for $3.5 million or $352-per-square-foot in a 1031 exchange transaction.

The 100%-occupied center is located in one of the fastest-growing areas of SoCal’s Inland Empire. Built in 2007, the Shops at Ramona Expressway features high quality modern architecture, and is home to a strong mix of internet-resistant food and service retailers. The center benefits from its excellent location less than a ½ mile from the I-215 freeway.

The buyer was an unnamed private Monterey Park-based investor that was represented by REeBroker Group’s Shane Delaney. Progressive Real Estate Partners’ Greg Bedell exclusively marketed the property and advised the seller, an undisclosed private Riverside-based investor.

Bedell says, “We were able to produce 11 unique offers within a few short weeks of going to market.”

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis 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. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Sale/Acquisition
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