Walker reports that the Crossroads property attracted 23 offers,"demonstrating there is still a lot of demand for quality product."He says that the power center, which was built in 2000, offersupside for the new owners in the long term because of "below-marketrents in a rapidly expanding trade area."

Simpson tells GlobeSt.com that the prospective buyers who wereinterested in the property consisted mainly of local real estatecompanies and private investors, but the center also attractedinterest from bidders in other parts of the country, including someinvestment advisers and institutional investors. The CrossroadsMarketplace is at 12945-13225 Peyton Dr., just south of the Pomona(60) Freeway along the west side of the Chino Valley (71) Freewaybetween the Peyton Avenue and Chino Avenue exits. The center was99% leased at the time of sale.

Major tenants include Best Buy, Bed Bath & Beyond, PetSmart,Sport Chalet, Stein Mart, Off-Broadway Shoes, Beverages & More,Sav-On Pharmacy, Wendy's, Washington Mutual Bank and Union Bank.The center also includes a Costco and Lowe's Home Improvement,which were not part of the sale, but "are significant customerdraws" into the center from Chino Hills and the surroundingcommunities, Walker points out.