Union Bank Acquires 12.5 Acres Of Land In Riverside For $53.5M

The property asset involved in this transaction is a 12.5-acre land located at 6639 Hillside Avenue in Riverside. The sale took place on January 24, 2023, with a sale price of $53,500,000. The land is owned by Orbis Real Estate Partners, represented by Tom Money & Grant Ross, and was bought by Union Bank.

Summary of transaction details

• Property Type: Land
• Transaction Amount: $53,500,000
• Address: 6639 Hillside Avenue
• Market: Riverside
• Acres: 12.5

Tom Money & Grant Ross, acting as representatives for Orbis Real Estate Partners, facilitated the sale of the land to Union Bank. The transaction highlights the involvement of key individuals and companies in the real estate deal.