IRVINE, CA-TNP Strategic Retail Trust has been active in the acquisitions department and also in hiring. The company has acquired the 50,359-square-foot Topaz Marketplace in the Inland Empire city of Hesperia, the non-traded REIT’s ninth acquisition, and has added new management including regional vice president Anthony Bott and SVP Don Ferrari.

Stephen Corea, Thompson National Properties SVP of acquisitions, describes Topaz Marketplace as the premier retail center along the Main Street corridor of Hesperia, with a diverse tenant base, including grocery, medical, educational and service uses. "Topaz Marketplace enjoys favorable positioning along the border of a large residential consumer base. In addition, the property is on the 'Go Home' south side of Main Street, providing convenient access to customers," Corea said.

Constructed in 2008, Topaz Marketplace sits on just over six acres and situated on three separate land parcels. The retail center is 100% leased and anchored by Fresh & Easy Neighborhood Market. Other national and regional tenants include MetroPCS, DaVita Dialysis, Wood Grill Buffet and the Pizza Factory. Tenants have staggered lease expirations that range from 2018 to 2028. The property includes a 2,900-square-foot, fully improved, developable land parcel that may be ground-leased or developed in the future. Both TNP and the seller, Culver City, CA-based Hesperia Main Street LLC, were represented by president Rich Walter and senior managing director Nick Coo of Irvine-based Faris Lee Investments.