CHINO, CA-The Evans Co. has started construction of its Euclid Plaza with $32.6 million in construction financing via Wrightwood Capital, and a Kimco-Prudential joint venture has sold a retail center in Ontario for $27.3 million. The Evans Co., based in Palm Desert, landed the acquisition and financing for Euclid Plaza in a deal sourced through Chris Bramel of Bridgeport Investments, according to Marty Kearney, director of investments in Wrightwood Capital’s Newport Beach office.<p.Euclid Plaza is a planned grocery-anchored retail development covering 13.3 acres of agricultural land at the southwest corner of Euclid and Schaefer avenues. Once completed, the property will include one anchor building, 37,800sf in-line retail space and seven outparcels for a total more than 117,000sf.

The Stater Bros. supermarket chain will occupy the anchor space of approximately 43,830 sf. Kearney notes that the Euclid Plaza trade area is growing significantly as the agricultural land surrounding the property is rapidly being converted into residential, retail and commercial uses. He adds that the Evans Co. has extensive experience in the Chino retail market, including strong relationships with the localgovernment, local retail brokers and tenants.

In the Ontario deal, Laeroc Partners acquired the 142,207-sf Vineyard Village shopping center from a joint venture of Kimco Realty and Prudential Real Estate Investors in a transaction that was brokered by Irvine-based Reza Investment Group. Reza Etedali, CEO and founder of the firm, notes that the center generated offers from 12 prospective buyers.

The property is prominently located at the southeast corner of the 60 Freeway and Vineyard Avenue. Its tenants include Sears Outlet, Pep Boys, 24 Hour Fitness and Greenhills Market.

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