UPLAND, CA—DTZ has completed the sale of Upland Town Square a grocery-anchored retail property a few miles east of Los Angeles County, for $23.75 million.
The newly-remodeled shopping center totaling 100,350 square feet was acquired by IRA Capital Advisors, LLC from seller NMC Upland. Both buyer and seller were represented in the transaction by the Dixie Walker Retail Investment Team at DTZ with Dixie Walker, Charley Simpson and Tom Blake.
The property is located at 813-913 W. Foothill Blvd., the primary east-west arterial corridor in the Inland Empire. Upland Town Square provides area residents with a diverse group of daily needs retailers and service providers. The shopping center features a quality list of national tenants, including: Sprouts Farmers Market, WaBa Grill, Wells Fargo, Denny's, O'Reilly Auto Parts, and H&R Block.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
