Brookfield unloads Rancho Cucamonga shopping center in $530M near-record sale
It didn’t take long for Brookfield Properties and Queensland Investment Corporation to find a buyer for the Victoria Gardens shopping center in Rancho Cucamonga. After listing the retail property earlier this month, Brookfield and Queensland sold the 1.2-million-square-foot shopping center to Newport Beach-based Redwood West and Irvine-based Panattoni for $530 million, Commercial Observer reported. That sale price makes it one of the highest ever paid for a retail property in Southern California and the highest paid in recent years. The duo partnered with Prime Finance and Prism Places for the deal and received acquisition financing from Ares Real Estate to […]This article originally appeared on The Real Deal. Click here to read the full story.
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