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The portfolio includes two well-located suburban office warehouse properties in Golden Valley and Hopkins that were 93-percent occupied at the time of sale.
There are two strategies: occupy temporary space and determine the long-term outlook of the office before acting on something more permanent or identify a permanent solution immediately.
While retail is struggling in some areas, it is thriving in Rancho Cucamonga, which has become one of the most popular retail markets in the Inland Empire.