Pablo Velasco and Albert Lopez of Progressive Real Estate Partners Arrange $2.8M Sale of 13,000 SF Retail Building in Moreno Valley, CA

Rancho Cucamonga, CA – August 31, 2022  – Progressive Real Estate Partners VP of Leasing and Sales Pablo Velasco and Senior Retail Specialist Albert Lopez represented the property owner, Gateway Company L.C., in the $2.8M sale of a 13,000 square foot retail building at the Towngate Promenade in Moreno Valley, CA. The buyer is a private party that purchased the property to accommodate a Kids Empire franchised location. Located between 24 Hour Fitness and Aldi at 12650 Day Street, the Kids Empire indoor playground is expected to open in 2023.

In addition to 24 Hour Fitness and Aldi, Kids Empire will join Costco, The Habit, Dickey’s Barbeque, Applebees, Mimi’s Café and many others at the popular regional center.  Located at the juncture of the 60 and 215 freeways the centrally located property is part of a major retail district and is adjacent to Moreno Valley Mall which features Macys, JC Penney, Harkins Theater and over 140 shops, services and restaurants. Towngate Promenade also benefits from impressive demographics with a population of 225,323 and an average household income of $70,811 within a 5-mile radius.

Pablo Velasco and Albert Lopez of Progressive Real Estate Partners Arrange $2.8M Sale of 13,000 SF Retail Building in Moreno Valley, CAKids Empire encourages healthy, happy active play for children of all ages and features age-appropriate play structures, climbing walls, slides, rides and much more. It is a perfect place to take the kids for after school or weekend fun plus they offer special birthday party packages. Headquartered in Southern California, Kids Empire specializes in children’s entertainment and currently has over 30 locations in 10 different states across the US.

To learn more about this transaction and other Inland Empire leasing opportunities reach out to Pablo at 951.961.1883 | OR Albert at 909.900.8922 | .

About Progressive Real Estate Partners

Progressive Real Estate Partners (PREP) is a boutique commercial brokerage firm headquartered in Rancho Cucamonga, California. Founded in 2008, the firm specializes in the leasing and sale of retail properties in Southern California’s Inland Empire market.  The office is also the exclusive Inland Empire representative of the Retail Brokers Network (RBN). Since the firm’s inception Progressive has completed over 1200 lease and sales transactions valued at more than $1.8B in 35+ cities throughout the region. Progressive uses the latest marketing and brokerage techniques to help retailers and property owners achieve their commercial real estate goals.