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MONTCLAIR, CALIF. — Montclair Town Center, a 96,989-square-foot shopping center, has sold to Montclair-ET LLC for $15.8 million. The center is located at 9710-9886 Central Ave. in Montclair. It was 80 percent leased at the time of sale. Montclair Town Center contains 27 tenants, including 24 Hour Fitness, Dollar General, Bank of America (ATM), Burger King, Liberty Tax, Century 21 and Yum Yum Donuts.
Montclair-ET, a 1031 exchange buyer, was represented by Eric Treibatch of Ophir Management Services. The seller, Montclair Town Center LLC, was represented by William B. Asher of Hanley Investment Group and Frank Vora of Progressive Real Estate Partners.