MCB Real Estate, DRA Advisors acquires 273,425sf grocery- and drugstore-anchored regional center in the Inland Empire

MCB Real Estate and a fund managed by DRA Advisors have acquired Falcon Ridge Town Center, a grocery- and drugstore-anchored center located in the high-growth market of Fontana, Calif.

JLL worked on behalf of the seller to facilitate the transaction with the buyer.

Falcon Ridge Town Center, located at 15218-15320 Summit Ave., enjoys a prime position at the exit ramp of the bustling Interstate 15 freeway. With a daily traffic volume of 148,800 vehicles, the center benefits from exceptional visibility and exposure. Additionally, the center benefits from its proximity to major trade routes such as the I-10, SR-210 and Union Pacific Railroad, ensuring easy accessibility and visibility for the nearby 291 acres of residential area and significant employment hubs.

The internet-resistant center of Falcon Ridge Town Center was originally built in 2005 and was renovated in 2023. Located on 21.85 acres, the retail hub offers 273,425 square feet of gross leasable area and a