The complex, La Verne Retail Center, has been acquired by Brown Associates II LLC. At the time of sale the property was occupied by Rite-Aid, Auto Zone and Carl's Jr. The center stands on a 5.29-acre parcel at 1400-1480 Foothill Blvd.

John Kiley, of Kahl & Goevia represented the seller, F & W Development. A Sperry Van Ness brokerage team, consisting of Reza Etedali and Mehran Foroughi, represented the buyer.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.