Los Angeles, CA – April 20th 2026 – Progressive Real Estate Partners, a leading Inland Empire, California retail brokerage firm, announced the $13,525,000 sale of The Shops at Walnut Hills Plaza, a fully leased 37,173-square-foot multi-tenant retail center located at 18718 – 18766 Amar Road in Walnut, California to Portola Real Estate Partners.
Built in 1983, The Shops at Walnut Hills Plaza features 19 e-commerce resistant tenants including restaurants, medical, beauty, and daily-needs operators. Tenants include O’Reilly Auto Parts, Little Elephants Kids Place, Osuna’s Mexican Restaurant, Papa John’s Pizza, Native Fields Restaurant, Walnut Hills Family Dentistry, Pediatric Dentistry, Sky Nails and many others.
Progressive Real Estate Partners Senior Vice President of Retail Leasing Investment Sales Roxy Klein and Senior Vice President and Managing Director Greg Bedell represented the seller, a Los Angeles-based private investor.
“Buyer interest with this transaction was driven by the center’s strong San Gabriel Valley demographics— high incomes, dense surrounding neighborhoods — and its location along a high-traffic, signalized corridor offering excellent visibility and access,” said Bedell. “There remains a notable lack of available investment product in infill San Gabriel Valley markets, which continues to support pricing and competitive bidding dynamics. Overall, this sale underscores that investors are increasingly willing to deploy capital for durable cash flow in fundamentally strong locations— especially when paired with a clear path to income growth.”
Klein continued by saying “Despite a higher interest rate environment, we’re seeing sustained investor demand for well-located neighborhood centers in supply-constrained, high-income trade areas. Assets with service-oriented, internet-resistant tenant mixes and mark-to-market opportunity are attracting a deep pool of both private and institutional capital. Our outlook for SoCal retail in 2026 is one of stabilizing fundamentals and improving transaction velocity as interest rates ease and buyer-seller expectations align. Capital remains active but selective, with the strongest demand for well-located, necessity-based retail offering durable cash flow and clear upside.”
The Shops at Walnut Hills Plaza is ideally located in the heart of the San Gabriel Valley, one of Southern California’s most affluent submarkets. It serves ±142,010 residents within three miles and ±55,600 students, at nearby educational institutions, including Cal Poly Pomona and Mt. San Antonio College.
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 2,000 lease and sales transactions valued at more than $2.0B in over 50 cities throughout the region. Progressive Real Estate Partners uses the latest marketing and brokerage techniques to help retailers and property owners achieve their real estate goals.