Costco Acquires Crossroads Marketplace Retail Property In Chino Hills For $37.5M

The 186,576 sq ft Crossroads Marketplace retail property in Chino Hills has been sold for $37.5 million. The property, located at 13251 Peyton Drive, features a variety of tenants including Bed Bath & Beyond, Petsmart, and Dollar Tree. Situated near freeways and other retailers, it is strategically located adjacent to an existing Costco store in the same complex.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $37,500,000
• Square Footage: 186,576 sq ft
• Address: 13251 Peyton Drive, Chino Hills
• Market: Chino Hills

The buyer of the property is Costco, represented by W. Craig Jelinek. The seller, on the other hand, is LNR Partners, represented by Adam Behlman. The purchase of this retail property expands Costco's presence in the area and offers them an opportunity to leverage the existing customer base in the complex.