Laguna Beach, CA-based Wood Investments Inc. acquired Upland Village, a 153,000-square-foot shopping center for $18.5 million from Upland Village Center, LP. The investor plans to embark on a revitalization program aimed at freshening up the 10%-occupied property.
Upland Village was formerly occupied by a 65,000-square-foot Dick’s Sporting Goods, which has been dark for more than seven years. Built in 1968, the property’s only current tenants include 99 Cents Only and Laser Island.
The property at Euclid Blvd. and Foothill Blvd. had been under the same ownership for more than 35 years. The sale also included five residential properties located along Euclid Ave.
Cushman & Wakefield’s Charley Simpson and Dixie Walker represented the buyer in the transaction. The seller was self-represented.
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