Riverside's Five Points Plaza trades for $31 Million from original developer for the first time
United States, Nov. 20 -- JLL Capital Markets announced that it has arranged the $31 million sale of Five Points Plaza, a 129,699 square-foot, grocery-anchored retail center in Riverside, California.JLL represented the buyer, Longpoint. The seller was a private family, who originally developed the center.Five Points Plaza is strategically located at 4652-4822 La Sierra Ave. near the intersection of SR-91 and I-15, surrounded by recreational amenities including parks, Hidden Valley Golf Club, Harvest Riverside Airport and Lake Matthews. The center's position along this major thoroughfare provides excellent visibility and accessibility for the diverse tenant mix.Riverside is home to approximately 319,190 residents with a median household inco...
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