Rexford Acquisitions Hit $142M

RIVERSIDE, CA—Tyler Village, a 91,498-square-foot shopping center, has traded hands between two private and unnamed investors for $13 million at a 5% cap rate. Donald MacLellan and Chris Tramontano of Faris Lee represented the seller and the buyer in the transaction. The property was 78% leased at the time of the sale, and was marketed as a value-add opportunity for the buyer.


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