CBRE arranged the $7.8-million sale of Main Street Village Center, a 20,000-square-foot-retail center located at 135, 175, and 265 E. Ontario Ave. in Corona. The firm’s Alan Krueger and Vanessa Haddad represented the all-cash, non-trade buyer, Pacific Petroleum, Inc., as well as the seller, LJZ Corona LLC.

“Main Street Village offered a strategic investment opportunity,” said Krueger. “It boasts exceptional tenant retention history, with over 90% of the tenants choosing to remain at this location for more than a decade.”

Main Street Village Center caters to a densely populated community, serving more than 118,000 residents living within a three-mile radius and earning an average annual household income exceeding $120,000. Located across from a major grocery store and pharmacy chain, the fully occupied center features e-commerce resistant services such as Kumon, a fitness center and Yogurtland.

Be there in person for the 8th Annual Connect Los Angeles 2024, May 1 at the Intercontinental Los Angeles Downtown. Industry leading experts will share insights and forecasts on today’s CRE markets. 

Progressive Real Estate Partners’ Roxanne “Roxy” Klein represented an American Family Care (AFC) franchisee in a lease for a 4,452 square-foot space at 2795 Cabot Dr. #157 in Corona.  Lease terms were not disclosed. The space is in the popular Dos Lagos open-air shopping center which is directly adjacent to the heavily traveled I-15 freeway and features Trader Joes, Starlight Cinemas, Wood Ranch BBQ & Grill, TGI Fridays, Loft, Express and more than 50 other tenants.

Klein previously represented the same franchisee in a lease for an AFC clinic in Chino Hills, which opened last summer. The Corona clinic will showcase AFC’s new prototype.

Founded in 1982, AFC is one of the nation’s leading providers of urgent care, primary care and occupational medicine. Currently there are more than 300 AFC clinics throughout the U.S., with 1,500 in-network physicians caring for patients.