MCB Real Estate, headquartered in Baltimore with properties across the country, recently completed the purchase of Falcon Ridge Town Center in Fontana for $64.7 million. The acquisition was made through a joint venture with DRA Advisors.
This marks the first transaction for MCB and DRA’s partnership. Located at 15218-15320 Summit Ave., Falcon Ridge is a fully leased shopping center spanning 273,424 square feet. It is anchored by one of Stater Bros.’ most popular locations and also has Target as a shadow anchor.
According to P. David Bramble, managing partner and co-founder of MCB, Fontana is experiencing rapid growth with an influx of affluent residents each year. He believes that Falcon Ridge’s central location within this thriving area makes it an unbeatable shopping destination that will continue to attract retailers for years to come.
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