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Last Updated ( Tuesday, 30 April 2013 19:32 )
DATE_FORMAT_LC2=Tuesday,April 30 2013 12:00:00 am EDT   
Diamond Hills Plaza Sells for $48 Million

DiamondHillsNEWSDiamond Bar, Calif. — Retail Opportunity Investments Corp. has purchased the 139,314-square-foot Diamond Hills Plaza, a grocery- and drug-anchored neighborhood center in Diamond Bar, for $48 million. The center is 99.4 percent leased to tenants including Asian supermarket chain Super H-Mart, Rite-Aid Pharmacy, Starbucks, Burger King, KFC, HSBC Bank, Pacific Dental and Flame Broiler. Dixie Walker, Charley Simpson and Tom Blake of Cassidy Turley represented the seller, Country Hills Holdings LLC, in the transaction.

"The property has very strong fundamentals and a dedicated customer base. And with institutional players on both sides of the deal, it indicates that top-quality ethnic grocery-anchored centers are coming into their own as targets for institutional capital," says Dixie Walker, senior vice president of Cassidy Turley.

 

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