JH Real Estate Partners Acquires Retail Property In Inland Empire For $70.5M

The retail property located at 16701-16873 Valley Boulevard in Inland Empire has been sold for a price of $70,500,000. The sale was completed on March 18, 2022. The property spans a total area of 309,500 square feet, resulting in a price per square foot of $227. The transaction involved JH Real Estate Partners as the buyer and The Baralat Company as the seller. The deal was facilitated by brokers Patrick Wade and Alex Kozakov from CBRE.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $70,500,000
• Address: 16701-16873 Valley Boulevard
• Market: Inland Empire

Prior to the sale, the property was owned by The Baralat Company. JH Real Estate Partners, represented by Patrick Wade and Alex Kozakov from CBRE, successfully acquired the retail asset. The transaction marks a significant deal in the Inland Empire market.