{"id":1004388515,"date":"2020-02-06T07:09:49","date_gmt":"2020-02-06T15:09:49","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004388515"},"modified":"2025-02-27T21:48:47","modified_gmt":"2025-02-28T05:48:47","slug":"cbre-arranges-sale-of-2-inland-empire-retail-assets","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-sale-of-2-inland-empire-retail-assets\/","title":{"rendered":"CBRE Arranges Sale of 2 Inland Empire Retail Assets"},"content":{"rendered":"<div id=\"attachment_1004388536\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/Bel-Villaggio-III-e1580984965164.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004388536\" data-attachment-id=\"1004388536\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-sale-of-2-inland-empire-retail-assets\/bel-villaggio-iii\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/Bel-Villaggio-III-e1580984965164.jpg\" data-orig-size=\"797,597\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;Canon EOS 5D Mark III&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1560520907&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;24&quot;,&quot;iso&quot;:&quot;400&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Bel Villaggio III\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Bel Villaggio III. Image courtesy of CBRE&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/Bel-Villaggio-III-e1580984965164.jpg?w=797\" class=\"wp-image-1004388536 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/Bel-Villaggio-III-e1580984965164.jpg\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/Bel-Villaggio-III-e1580984965164.jpg 797w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/Bel-Villaggio-III-e1580984965164.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/Bel-Villaggio-III-e1580984965164.jpg?resize=768,575 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004388536\" class=\"wp-caption-text\">Bel Villaggio III. <em>Image courtesy of CBRE<\/em><\/p><\/div>\n<p>CBRE and National Retail Partners-West have completed the sale of two adjacent retail centers in Temecula, Calif. CBRE Director Kirk Brummer, Associate Sean Heitzler and Vice Chairman Philip Voorhees worked on behalf of the seller, Pathfinder Partners, a San Diego-based firm. Poincare Group LLC acquired the assets for a combined price of $26.1 million.<\/p>\n<p>Since acquiring Bel Villaggio I-II and III in 2013, Pathfinder has managed, leased and renovated the two properties. The tenant roster at the two centers include a complementary mix of restaurants, retail and services including Aiyara Thai Cuisine, Sola Salon Studios, Romano\u2019s Macaroni Grill and Wild Barrel Brewing.<\/p>\n<p>Located at 41501 and 41221-41493 Margarita Road on approximately 16 acres, the properties are adjacent to the 1.4 million-square-foot Promenade Temecula and are within 1 mile of Interstate 15 and 3 miles from central Temecula. French Valley Commons, W Development Partners&#8217; nine-building mixed-use project in Winchester that <a href=\"https:\/\/www.commercialsearch.com\/news\/parkview-financial-backs-inland-empire-mixed-use-project\/\">recently landed construction financing<\/a> and broke ground, is located roughly 5 miles north.&nbsp;<\/p>\n<p><em>If you\u2019d like to be featured in Brokers\u2019 Corner, send your deal to&nbsp;<a href=\"mailto:deals@cpe-mhn.com\"><strong>deals@cpe-mhn.com<\/strong><\/a>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kirk Brummer, Sean Heitzler and Philip Voorhees negotiated the deal on behalf of the seller.<\/p>\n","protected":false},"author":868,"featured_media":1004365520,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,34027,21783,21742,21749,15],"tags":[32789,38959,43778],"class_list":["post-1004388515","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-inland-empire","category-investment","category-latest","category-retail","category-west","tag-cbre","tag-philip-voorhees","tag-the-nrp-group"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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