Portola Real Estate Partners Acquires The Shops At Walnut Hills Plaza For $13.53M

The Shops at Walnut Hills Plaza is a fully leased retail center located at 18718-18766 Amar Road in Walnut, California. The asset spans 37,173 square feet and was sold for $13,525,000, which equates to a price per square foot of $364. The property consists of 19 tenants and is characterized as a necessity-based shopping center, attracting dependable investor interest due to its strong position in the high-income San Gabriel Valley market.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $13,525,000
• Sale Date: 04/20/2026
• Buyer: Portola Real Estate Partners
• Brokers: Roxy Klein & Greg Bedell - Progressive Real Estate Partners
• Square Footage: 37,173
• Price Per Square Foot: $364
• Market: Walnut

Roxy Klein and Greg Bedell from Progressive Real Estate Partners represented the seller in this transaction. The sale of the shopping center occurred as demand for retail properties in the region remained strong, bolstered by a stable tenant mix that is resistant to online shopping trends.