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Another Kensington Property Changes Hands

TUSTIN, CA-Tustin-based Kensington Real Estate Group has sold another of its repositioned retail properties, in a deal valued at $14.5 million. Known as Southridge Plaza, the 121,888-sf shopping complex is located in Fontana.

By Erin Cassin | Updated on November 15, 2001

TUSTIN, CA-Tustin-based Kensington Real Estate Group has unloaded another one of its repositioned retail properties, as a limited liability company has paid $14.5 million for Southridge Plaza.

The Fontana retail property stands at the intersection of Live Oak Avenue and Cherry Avenue. It was 98% occupied at the time of sale. Tenants include Ralphs, Rite Aid, Blockbuster and Ace Hardware.

Tom Robinson of NTC Commercial, along with Greg Brown and Ed Hanley of Marcus & Millichap’s Newport Beach office, represented Kensington in the sale of Southridge Plaza.

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