MCA Expands Portfolio With Pair of Properties
Irvine, CA-based MCA Realty expanded its Inland Empire portfolio with the acquisition of two assets, a retail property in Moreno Valley and an industrial asset in Temecula, CA. The assets were acquired for a combined $26.5 million.
The Moreno Valley acquisition includes four multi-tenant retail buildings and two retail boxes totaling 117,191 square feet, as well as four developable pads encompassing 5.24 acres at Stoneridge Towne Centre (pictured). The firm acquired the assets at 27110 to 27220 Eucalyptus Ave. for a combined total of $16.5 million.