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RANCHO CUCAMONGA, CALIF. — Tivoli Square Apartments, LP, has purchased Foothill Crossing, a 312,307-square-foot regional power center in Rancho Cucamonga, for $54 million. The center is located at 12181-12357 Foothill Blvd., across from Victoria Gardens lifestyle mall. It is 90 percent occupied by tenants like Sears Grand, Total Wine & More and Office Depot.
The 1031 Exchange buyer was represented by Dennis Vaccaro of Faris Lee Investments. The seller (and developer), Foothill Crossing, LLC, was represented by Jeff Conover of the same firm.