RA Centers Acquires Meadows Village Center In Temecula From Fortress Investment Group LLC For $27.7M

The Meadows Village Center, a grocery-anchored retail center in Temecula, California, has been sold to RA Centers for $27.7 million. The property, located at 31963 Rancho California Road, spans across 7.98 acres and offers a total square footage of 67,336. The transaction took place on May 15, 2023, and the market in focus is Temecula.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $27,700,000
• Address: 31963 Rancho California Road
• Market: Temecula
• Acres: 7.98

The Meadows Village Center sale involved both the buyer, RA Centers, and the seller, Fortress Investment Group LLC. CBRE's National Retail Partners represented the property, with brokers Jimmy Slusher, Philip Voorhees, and James Tyrrell from CBRE playing a key role in the transaction.

The retail center features Barons Market and CVS Pharmacy, and its transaction price amounted to $411 per square foot. This successful deal marks a significant milestone for all the parties involved.