LONG BEACH, CA—LA-based Ralphs Grocery Co. has paid $8.5 million for a 3.63-acre site at Long Beach Boulevard and San Antonio Drive in this city's upscale Bixby Knolls district.
Ralphs, a division of Cincinnati-based Kroger Co., has already started to build a state-of-the-art supermarket with a gourmet delicatessen and European style bakery on the site. A November opening is planned.
Both the buyer and the seller, LA-based Regency Realty Corp., were represented by the Torrance office of CB Richard Ellis.
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