Longpoint has acquired Cardenas Marketplace, a shopping center in Montclair, California, for $22.7 million.
Completed in 2020, Cardenas Marketplace is 91 percent occupied and anchored by Cardenas Market, a specialty grocer providing Hispanic fare, with other notable tenants including AT&T and Wendy's.
The Marketplace is located in the City of Montclair at the intersection of Central Avenue and Holt Boulevard, which serves as the primary retail corridor in the city and sees approximately 22,000 cars per day.
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