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UPLAND, CA-A Glendora-based private investor has paid $10.5million for the six-building, 75,134-sf Red Hill Plaza retailcenter at 1386, 1460, 1410 and 1490 E. Foothill Blvd. at thesouthwest corner of Foothill Boulevard and Grove Avenue in one ofthree Inland Empire transactions totaling $20.4 million, accordingto Sperry Van Ness. The others include a $5.4-million Rite Aidbuilding in Fallbrook and a $4.5-million former Montgomery Wardbuilding in Victorville.Red Hill Plaza was built in 1988 andoccupies a 5.6-acre parcel, reports Brad Umansky of the Ontariooffice of Sperry Van Ness, who represented the seller, anIrvine-based private investor. Paul Sylvester of Re/Max Masters inGlendora represented the buyer. The property is 84% leased, withtenants including Firestone Tires, EZ Lube, Earl Scheib, LaborReady, Purrfect Auto and Subway.The Fallbrook Rite Aid building isat 1331 S. Mission Rd. and was purchased by a private investor fromRedondo Beach, Umansky reports. The 16,708-sf building was sold byTustin-based Marketplace Partners II LP, with Umansky representingthe seller and Hook McCullough of CB Richard Ellis representing thebuyer. It was built in 1999 and is occupied by Rite Aid on a20-year, triple-net lease.In Victorville, Umansky and Vicki Donkinof Sperry Van Ness report that Calabasas-based REA Victorville LLCbought the former Montgomery Wards building from Ft. Wayne,IN-based Lincoln National Life Insurance with the Sperry Van Nessbrokers representing the buyer and the seller. The 86,459-sfbuilding is at 12400 Amargosa Rd., near Interstate 15. The buildingwill be converted to house a Bed Bath & Beyond with an expectedopening date of March 2005, and the buyer is seeking additionalnational retail tenants to occupy 40,000 sf that is availableadjacent to the Bed Bath & Beyond space. Other retailers in thevicinity include Best Buy, PetsMart and Toys R Us.

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