CBRE Negotiates $12.3M Sale of San Bernardino Marketplace

by Nellie Day

SAN BERNARDINO, CALIF. — CBRE Group Inc. has brokered the sale of San Bernardino Marketplace at 263-275 E. Ninth St. in San Bernardino.

A Los Angeles-based 1031 exchange buyer acquired the 58,740-square-foot neighborhood shopping center from an undisclosed Orange County, Calif.-based family partnership for $12.3 million. Built in 1983, the property was 96 percent occupied and anchored by El Super, a specialty grocer, at the time of sale.

Arthur Flores of CBRE Group Inc. represented the seller and buyer in the transaction.

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