Brixmor Property Group Acquires Retail Asset From MetLife Investment Management For $138M In Chino

The property asset involved in the transaction is located at 3801–4097 Grand Avenue in Chino, comprising a retail space with a size of 461,269 square feet. The asset was sold for a total price of $138,000,000, translating to a price per square foot of $299.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $138,000,000
• Address: 3801–4097 Grand Avenue
• Market: Chino
• Square Feet: 461,269
• Price per Square Foot: $299
• Buyer: Brixmor Property Group
• Seller: MetLife Investment Management, the institutional asset management business of MetLife, Inc.
• Brokers: Jimmy Slusher, Preston Fetrow, James Tyrrell, Mark Damiani & Shaya Northrup - CBRE

The transaction involved key individuals such as the representatives from CBRE, including Jimmy Slusher, Preston Fetrow, James Tyrrell, Mark Damiani, and Shaya Northrup, who played a significant role in facilitating the sale between the buyer and seller.