SRS Real Estate Partners’ Investment Property Group has completed the $54 million sale of New Haven Marketplace, a 95,000-square-foot shopping center in Ontario, CA. Anchored by Stater Bros, the 10.6-acre, fully-leased retail center also includes Starbucks, Chase Bank, Carl’s Jr. and Brew Haven as tenants.
“SRS secured several offers on the asset and selected a qualified buyer who assumed the property’s existing loan,” said the firm’s SVP Pat Kent, who along with Parker Walter represented the seller in the transaction. “This recently developed grocery-anchored shopping center is well-situated within a highly desirable area that is rare to find.” The buyer, a California-based family office, was represented by Newmark’s Glen Rudy.
“This property includes Rodeo X, a market hall,” added Walter. “Market Halls are extremely popular and add tremendous value and tenant synergy to a shopping center by providing consumers several food options and a place where you like to spend time.”
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.