RIVERSIDE PLAZA SELLS FOR $84.8M

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RIVERSIDE, CALIF. – Riverside Plaza, a 475,211-square-foot retail center, has been sold to a joint venture between Vestar and a fund advised by UBS Global Asset Management for $84.8 million. The center is 92 percent leased. It is anchored by Vons Supermarket, Trader Joes, CVS Pharmacy and Regal Cinemas Stadium 16. Other notable tenants include Forever 21, Chico’s, JoS. A. Bank, El Torito, California Pizza Kitchen, Islands Burgers, Chase Bank, Panera Bread, Chipotle, Wendy’s and El Pollo Loco. The seller, Westminster Funds, was represented by HFF’s Bryan Ley, Ryan Gallagher, John Crump and CJ Osbrink. Vestar represented itself in this all-cash transaction.

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