Glendora – Diamond Ridge Plaza Sells for $111 Million

image001

Glendora’s largest retail center, Diamond Ridge Plaza sold in April for $111,000,000. The seller was Hsing-Chieh Shih and the buyer was UBS Realty Investors LLC, a subsidiary of UBS AG, a financial services firm that provides wealth management, asset management, and investment banking products and services to private, corporate, and institutional clients worldwide (www.UBS.com).

 image002

Diamond Ridge Plaza is an approximately 355,000 square foot power center built in 2007 located at 1307 E Gladstone, Glendora, CA and is anchored by Best Buy, Staples, Bed Bath & Beyond, Old Navy, AMC Theatres, and more. The sale price was approximately $313 per square foot.