60 million bid for Temecula Town station ends sale Hemet Plaza, A thorough 58,035 sq.
ft. mall on 4.5 acres at 1911 2095 holiday to holiday Avenue, Hemet, Has been chosen by an exclusive Santa Ana investor for $5.5 million, With different Nov. 19, 2015 press release from broker Hanley Investment Group Real Estate Advisors. A sizable portion of friday ad 2015 the house and property closed escrow Nov. 16, According to a comment from Colliers International. The business enterprise, Revered at $60 million, Associated black friday 2015 shopping manage of 241,980 sq ft of property to a jv of Citivest Commercial Investments, Newport fine mud, And Ares tackle. Show CaptionMoreno position in Moreno Valley exchanged. And Temecula Town medical household, The first regional mall to be built in a Riverside County master planned top black friday sales local, Chiseled escrow on Nov. 16, 2015. Colliers worldwide vice presidents Michelle Schierberl and Donald Ellis on Friday said the contract by the seller, BACM 2006 5 Rancho ca Limited venture, Was coming in at $60 million. The buyer of a sizable portion of the widely used center at 27540 Ynez Road was the partnership partnership of Newport Beach based Citivest Commercial Investments and Ares Management. Ares is a public company with $88 billion in assets under tools. The auction instigated sale of 241,980 rectangle centimeter of Temecula Town Center, To do with Temecula oldest, Most seen retail estates, Began possessing need bids in August. It ended with an web final round auction. Tenants in the home and property or house that Citivest and Ares acquired include CVS, HomeGoods, 24 Hour bodily, Chase Bank and productive. Two other major homeowners, Target and Vons super market, Own their characteristics and were not organ of the sale. Schierberl said you experienced a stable, Seasoned ad black friday center with a proven mix of national credit tenants and more effective outlets. It is 85 pct lived in, And has useful occasions, She driven. A Santa Ana trader just adopted the keys to Hemet Plaza, A very 58,035 square foot shopping mall anchored by Big Lots and True Value shop for $5.5 million, To find it easy to a Nov. 19 website by Hanley Investment Group marketplace Advisors. Wally Kent, President of Corona Del Mar based Hanley expense decision, Said Hemet Plaza was sold at below rc to offer the buyer a chance to improve its all cash yield. Hitting 1985, The guts is 71 percent strenuous. Join the ConversationWe invite you to use our commenting platform to learn insightful interactions about issues in our community. Although nobody needs to pre screen comments, We reserve the right consistently to remove info or materials that are unlawful, Horrifying, Getting out of hand, Libelous, Defamatory, Obscene, Vulgar, Porno, Profane, Indecent or dead objectionable to us, And to disclose details to help satisfy the law, Control, Or else u.
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