A 92,000-sq.-ft. grocery anchored center built during the COVID-19 pandemic in SoCal has a new owner.
Langdon Street Capital has purchased Rialto Village from NewMark Merrill, which erected the project during the COVID epidemic in Rialto, Calif., just five miles east of downtown San Bernardino.
Located just north of the I-10 Freeway at the corner of Riverside Avenue and San Bernardino Boulevard, Rialto Village is anchored by Sprouts Farmers Market and is fully leased. Other tenants include Burlington, Ulta Beauty, Five Below, In-N-Out, Coffee Bean, Cold Stone Creamery, and Mattress Firm, among others.
“We have strong conviction in the Rialto submarket and believe Rialto Village embodies the kind of community-driven retail destination that thrives in today’s environment,” said Adam Daneshgar, president of Langdon Street Capital.
The center has direct freeway access and serves a trade area of some 220,000 residents, supported by a strong employment base, according to Newmark Merrill.
“Rialto Village marks the second successful shopping center we’ve developed in the City of Rialto,” said NewMark Merrill CEO Sandy Sigal. “Delivered under budget and fully leased during the height of COVID, it reflects our deep commitment to creating meaningful community retail destinations in partnership with the city of Rialto.”
Read the original article here: https://chainstoreage.com/news-briefs/2025-10-29?article=new-center-changes-hands-san-bernardino