STONERIDGE CAPITAL PARTNERS BUYS $20 MILLION RETAIL CENTER

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INDIAN WELLS, CALIF. — Stoneridge Capital Partners has acquired The Village at Indian Wells from A&B Properties Inc. in a $20 million all-cash transaction. Located at the corner of Cook Street and Highway 111 in Indian Wells, The Village at Indian Wells is a 104,600-square-foot retail center anchored by a Ralph’s Fresh Fare and CVS/pharmacy. CB Richard Ellis’ Sam Alison represented A&B Properties Inc. in the sale of the property; Newport Beach, Calif.-based Stoneridge did not use broker representation.

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