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Progressive Real Estate Partners Arranges $11M Sale of Retail Center in Inland Empire

Corona-Freeway-Corona-CA

The 67,690-square-foot retail center in Corona, Calif., was built in 1991 and was recently renovated.

CORONA, CALIF. — Progressive Real Estate Partners has arranged the sale of Corona Freeway Center in Corona. An Orange County, Calif.-based private investor sold the property to Orange County-based PRES Cos. for $11 million.

The 67,690-square-foot retail center was built in 1991 and was recently renovated, including a new roof, new HVAC, updated landscaping, painting, major renovations to the parking lot, and the addition of a 60-foot high digital freeway pylon sign and a 400-square-foot digital screen. Tenants include Express Scripts, Jenson USA Bicycles and LA Carpet & Flooring.

Frank Vora of Progressive Real Estate Partners represented the seller, while Greg Ozimec of Industrial Brokers represented the buyer in the deal.

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