Savills Studley Negotiates Sale of 459,969 sf Chino Spectrum Towne Center

LOS ANGELES (July 20, 2017) – Savills Studley’s National Retail Services Group successfully sold Chino Spectrum Towne Center, a 459,969-square-foot power center located in the affluent community of Chino in San Bernardino County, California. The property was purchased by MetLife Investment Management. The seller was a partnership between Vestar Development Co and an institutional entity.

Chino Spectrum Towne Center is located at the intersection of Grand Avenue and the 71 Freeway in the City of Chino. Anchor tenants include Wal-Mart, Kohls, Best Buy, Marshalls, Nordstrom Rack, DSW, Party City, Pier One Imports, and Aki Home.

Savills Studley’s Bill Bauman, executive vice president, and Kyle Miller, corporate managing director, handled the sale.   “Chino Spectrum Towne Center is one of the dominant regional shopping centers in Southern California with an outstanding mix of ‘best-in-class’ retail and restaurant operators supported by a very strong demographic consumer base,” said Bauman.

About Savills Studley

Savills Studley is the leading commercial real estate services firm specializing in tenant representation. Founded in 1954, the firm pioneered the conflict-free business model of representing only tenants in their commercial real estate transactions. Today, supported by high quality market research and in-depth analysis, Savills Studley provides strategic real estate solutions to organizations across all industries. The firm’s comprehensive commercial real estate platform includes brokerage, project management, capital markets, consulting and corporate services. With 29 offices in the U.S. and Canada, and a heritage of innovation, Savills Studley is well known for tenacious client advocacy and exceptional service.

The firm is part of London-headquartered Savills plc, the premier global real estate service provider with over 30,000 professionals and over 700 locations around the world. Savills plc is listed on the London Stock Exchange (SVS.L).

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