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Home Finance Phillips Edison Cashes Out of Corona Grocery Center for $38.2MM, Booking 83% Gain
FinanceIndustry NewsInland EmpireRetail

Phillips Edison Cashes Out of Corona Grocery Center for $38.2MM, Booking 83% Gain

April 28, 20263 Mins read2.1k
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A Northern California 1031 buyer paid roughly $346 per square foot for the fully-leased Ralphs-anchored center — the kind of price that signals capital is rotating hard back into West Coast necessity retail. Phillips Edison & Company has flipped one of the Inland Empire's harder-to-find grocery-anchored centers, selling the 110,485-square-foot Sierra del Oro Towne Centre […]

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