Search
 

Buyers Spend $10M For Retail

MONTCLAIR, CA-In separate deals, an Irvine buyer acquires a 57,000-sf center here for $9 million, and a private individual buys an 8,200-sf retail property in Inglewood for $1.3 million.

By Bob Howard | Updated on November 24, 2003

MONTCLAIR, CA-Montclair Development LLC of Irvine has purchased a 57,000-sf retail center here for $9 million, and an individual investor has acquired an 8,200-sf retail property for $1.3 million in separate transactions, according to brokers from Grubb & Ellis and Faris Lee Investments.

In the Montclair transaction, the buyer acquired the Montclair Entertainment Plaza, which is located on the northeast corner of the I-10 Freeway and Monte Vista, adjacent to the Montclair Plaza Mall. Tenants in the center, which is 100% leased, include Bally’s Total Fitness, Red Lobster, Acapulco, Black Angus and Crescent City Creole. The property was sold by Kam Holdings of Los Angeles. Jim Auther and Tim McMahon of the Newport Beach office of Grubb & Ellis represented the buyer and the seller.

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

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2025 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.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2025 ALM Global, LLC. All Rights Reserved.