Longpoint Acquires Cardenas Marketplace in Montclair, California for $22.7M

MONTCLAIR, CALIF. — Longpoint has acquired Cardenas Marketplace, a shopping center in Montclair, roughly 30 miles east of Los Angeles, for $22.7 million. 

Built in 2020 and anchored by Cardenas Market, the property was 91 percent occupied at the time of sale. Other tenants at the center include AT&T and Wendy’s. 

Alan Krueger, Vanessa Haddad and Masih Waliyar of CBRE represented Longpoint in the transaction.