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Passco Bags Retail Center for $13 Mil

SANTA ANA, CA-Passco Real Estate Enterprises acquires 85,500-sf Rolling Ridge Plaza in upscale Chino Hills. The 93%-occupied center has a Ralph's Supermarket and Bank of America as anchors.

By Erin Cassin | Updated on October 08, 2001

SANTA ANA, CA-Passco Real Estate Enterprises Inc. has acquired a Chino Hills shopping center for $13 million.

Known as Rolling Ridge Plaza, the 93%-occupied complex is located at 2959 Chino Ave. Ralph’s Supermarket and Bank of America are the anchors for the 85,500-sf plaza. Other tenants include State Farm Insurance, San Bernardino County, RE/Max Realty and Pizza Hut.

“Rolling Ridge Plaza represented a stable investment opportunity,” says Bill Winn, Passco’s CEO. “It is one of only two grocery-anchored centers which serve the affluent Northern Chino Hills area and grocery-anchored centers tend to perform above market during economic recessions.”

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