SRS Completes $54M Sale of Ontario Retail Center

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.

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