Fullerton Renaissance Continues With $25M Retail Sale

The center at 110-130 W. Imperial Hwy. here is leased to Best Buy, 24-Hour Fitness and Robek’s Juice.

FULLERTON, CA—Private investment company SCB Inc. has purchased the 105,636-square-foot shopping center at 110-130 W. Imperial Hwy. here, which had recently undergone a repositioning—further proof of this submarket’s resurgence. Seller Fiesta Distribution LLC had purchased the center as a value-add opportunity in 2011 and now has sold it for $24.5 million.

As GlobeSt.com recently reported, CBRE’s Nathan Holthouser and James Lehigh represented buyer McFadden Place in the 1031 exchange of another retail property in Downtown Fullerton that traded hands between Condon Family Trust and a private investor for approximately $11.8 million. Dana Clor of Clor Realty represented the seller. Lehigh characterized the asset as value-add retail and told GlobeSt.com he foresees future rental growth for the property.