July 21, 2017
Chino Spectrum Towne Center, a 459,969-square-foot power center located in the affluent community of Chino, CA sold for $144 million, one of the Inland Empire’s largest sales this year. MetLife Investment Management acquired the asset from a partnership between Vestar Development Co. and an institutional entity.
Savills Studley’s Bill Bauman and Kyle Miller handled the sale. The buyer was self-represented.
“Chino Spectrum Towne Center is one of the dominant regional shopping centers in Southern California, with an outstanding mix of ‘best-in-class’ retail and restaurant operators supported by a very strong demographic consumer base,” said Bauman.
Chino Spectrum Towne Center is located at the intersection of Grand Avenue and the 71 Freeway. Anchor tenants include Wal-Mart, Kohls, Best Buy, Marshalls, Nordstrom Rack, DSW, Party City, Pier One Imports and Aki Home.
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