Retail

CHINO HILLS, CALIF. — Long Beach, Calif.-based GAS Distomo Inc. has acquired Crossroads Entertainment Center, a 90,879-square-foot regional retail center located at 3060, 3070 and 3090 Chino Ave. in Chino Hills. Los Angeles-based 26 Del Sur Crossroads I LLC sold the property for $25.52 million. Situated on 10.54 acres, the property is anchored by an 18-screen Harkins Theatres. At the time of acquisition, the property was 98 percent occupied. Mitch Rosen of Commercial Real Estate Services represented the buyer; Donald MacLellan and Nick Coo of Faris Lee Investments represented the seller in the transaction.

VANCOUVER, WASH. — Northbrook, Ill.-based Pine Tree Commercial Realty has signed five new retailers for Hazel Dell Towne Center, a 400,000-square-foot power center located in Vancouver. The new tenants include Lane Bryant’s 5,000-square-foot lease; a 3,525-square-foot deal for America’s Best Optical; CitiFinancial’s 1,495-square-foot space; Max Muscle’s 1,200-square-foot lease; and a flagship 3,500-square-foot Balasana Yoga Studio. Kohl’s, Best Buy, Office Depot, Bed Bath & Beyond and Party City anchor the center, which was completed in 2007. Pine Tree co-owns the center with Henderson Global Investors.