CBRE arranged the $138-million sale of Chino Spectrum Towne Center, a 461,269-square-foot H Mart-anchored power center located in Chino, to New York-based public REIT Brixmor Property Group. Jimmy Slusher, Preston Fetrow, James Tyrrell, Mark Damiani and Shaya Northrup of CBRE’s National Retail Partners – West represented the seller, MetLife Investment Management.
“Chino Spectrum Towne Center’s recent grand opening of America’s largest Asian-focused specialty supermarket chain, adds to the existing grocery offerings from Sam’s Club and Walmart in making the property a regional destination,” said Slusher.
Located at 3801–4097 Grand Ave. in Chino, Chino Spectrum Towne Center is currently 95% leased. The center features a strong lineup of national tenants including newly opened H Mart, Kohl’s, Five Below, Best Buy and Nordstrom Rack, complemented by a diverse mix of regional and local retailers, service providers and restaurants. The property also benefits from shadow anchors Walmart Supercenter and Sam’s Club…