Corona, Calif., for $17 million. The company plans to reposition the 1983 asset by integrating a series of capital improvements and experience-driven amenities. Dixie Walker and Charley Simpson of Cushman & Wakefield’s Irvine office represented the seller, a private investor, in the transaction.
Located at 1181-1199 Magnolia Ave., just off Interstate 15, the retail center is currently 93.5 percent leased to 19 tenants, including CVS Pharmacy, Citibank, Carl’s Jr., Wells Fargo, H&R Block, the UPS Store, County of Riverside and Metro PCS. Passco plans to redesign the landscaping and the exterior, as well as add outdoor dining and seating areas for social gathering. Architecture Design Collaborative will oversee the center’s facelift…”
