**Brixmor Property Group Acquires Chino Spectrum Towne Center for $138 Million**
CBRE has brokered the $138 million sale of Chino Spectrum Towne Center, a 461,269-square-foot power center in Chino, California. The property was acquired by New York-based public REIT, Brixmor Property Group. The seller, MetLife Investment Management, was represented by CBRE’s National Retail Partners – West team, including Jimmy Slusher, Preston Fetrow, James Tyrrell, Mark Damiani, and Shaya Northrup.
“Chino Spectrum Towne Center’s recent grand opening of America’s largest Asian-focused specialty supermarket chain adds to the existing grocery offerings from Sam’s Club and Walmart in making the property a regional destination,” said Jimmy Slusher of CBRE.
Located at 3801–4097 Grand Avenue in Chino, the shopping center is currently 95% leased. It boasts a solid roster of national tenants such as the newly opened H Mart, Kohl’s, Five Below, Best Buy, and Nordstrom Rack. These are complemented by a diverse mix of regional and local retailers, service providers, and dining options. The center is also enhanced by its proximity to shadow anchors Walmart Supercenter and Sam’s Club.
