LONG BEACH, CA—LA-based Ralphs Grocery Co. has paid $8.5 millionfor a 3.63-acre site at Long Beach Boulevard and San Antonio Drivein this city's upscale Bixby Knolls district.
Ralphs, a division of Cincinnati-based Kroger Co., has alreadystarted to build a state-of-the-art supermarket with a gourmetdelicatessen and European style bakery on the site. A Novemberopening is planned.
Both the buyer and the seller, LA-based Regency Realty Corp.,were represented by the Torrance office of CB Richard Ellis.
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