DPI Retail has acquired Tri-City Center, a fully occupied 151,709-square-foot shopping center in San Bernardino, in a transaction closed by JLL Capital Markets for a price of $24,325,000. The property is situated at 897 Harriman Place in the San Bernardino market. The sale price equates to approximately $160 per square foot.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $24,325,000
• Address: 897 Harriman Place
• Market: San Bernardino

The buyer in this deal is Fred Vitt representing DPI Retail, while the seller is Raymond Levy from Unilev Capital. The brokerage services were provided by Bryan Ley and Tim Kuruzar of JLL. This transaction demonstrates the strong demand for well-located retail spaces with gym anchors and regional tenancy in the San Bernardino market.

Note: JLL Capital Markets closed a $24.3 million deal for Tri-City Center, a fully occupied 151,709-square-foot shopping center in San Bernardino. DPI Retail acquired the property, demonstrating strong demand for well-located retail with gym anchors and regional tenancy.