Walnut retail trade sale

Portola Real Estate Partners bought The Shops at Walnut Hills Plaza in Walnut for $13.525 million, adding a fully leased neighborhood retail center on Amar Road. (progressiverep.com) The property totals 37,173 square feet at 18718-18766 Amar Road, and Progressive Real Estate Partners announced the sale on April 20, 2026. (progressiverep.com) Roxy Klein and Greg Bedell of Progressive Real Estate Partners represented the seller, a Los Angeles-based private investor, in the transaction. (rebusinessonline.com) The center was marketed as a necessity-based shopping center with 19 tenants, and the sale worked out to about $364 per square foot. (traded.co) Portola says it focuses on neighborhood retail properties in West Coast infill locations and targets smaller necessity-based centers in areas with strong demographics. Walnut had a population of 27,611 in the 2024 American Community Survey five-year data. (portolarep.squarespace.com; censusreporter.org) Walnut Hills Plaza sits at Amar Road and Nogales Street, where leasing materials identify 24 Hour Fitness, O’Reilly Auto Parts, Taco Bell, Papa John’s and Firestone among the tenants. (tenantbase.com) That corner is in eastern Los Angeles County, about 23 miles east of downtown Los Angeles, in a trade area tied to the San Gabriel Valley and the warehouse belt around Walnut and nearby City of Industry. (shoppingcenterbusiness.com; ryder.com) For retail investors, deals like this are a bet that everyday-service tenants can keep drawing local spending even as e-commerce reshapes bigger-box shopping. For operators near logistics corridors, the tenant mix at small plazas can also track demand from warehouse workers, drivers and nearby households. (portolarep.squarespace.com; traded.co) The sale does not change the center’s use overnight. It puts a new owner in control of a fully leased strip center that already serves one of the San Gabriel Valley’s higher-income suburban pockets. (progressiverep.com; traded.co)