Rancho Cucamonga, CA – July 21, 2025 – Progressive Real Estate Partners’ Senior Vice President Greg Bedell represented a Bay Area private investor in the sale of Peppertree Plaza for $6,680,000 in an all-cash 1031 exchange transaction.
The shopping center is located at 2745-2787 West Shaw Avenue in Fresno, California and is situated at the signalized intersection of Shaw and Marks Avenues which is one of Fresno’s busiest retail corners with visibility to an average of 72,400 +/- cars per day. The buyer is a Los Angeles based private investor.
The approximately 51,000 square-foot center is 87% leased and is comprised of five shop and pad buildings that are home to a variety of established service and restaurant users including Outback Steakhouse, Deli Delicious, Marion’s Mexican Restaurant, Pijja Paradise Pizza & Arcade, Ocean Dental Group, FastSigns, State Bank of India and many other essential services.
Nearby national retailers include Target, Walmart, CVS, Home Depot, Dick’s Sporting Goods and others providing excellent 
retail synergy which is further enhanced by Peppertree Plaza’s 860+/- feet of unobstructed frontage and two pylon signs. Within a 3-mile radius there are over 147,000 people with an average household income of $107,700.
According to Bedell, “The buyer was drawn to the center’s high-traffic location and the opportunity to unlock value through strategic leasing and repositioning.” He added, “Our marketing efforts generated nine offers illustrating that demand for well-located, value-add retail remains strong—particularly in established California markets and in properties with diverse, service-oriented tenant mixes and clear paths to upside.”
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, San Gabriel Valley and Coachella Valley. The firm is also the exclusive Inland Empire representative of the Retail Brokers Network (RBN). Since the firm’s inception Progressive has completed over 1,650 lease and sales transactions valued at more than $1.8B in over 35 cities throughout the region. Progressive uses the latest marketing and brokerage techniques to help retailers and property owners achieve their real estate goals.