Premier West Covina retail center trades hands for $25.78M

ORANGE COUNTY, Calif., March 3, 2026 –  JLL Capital Markets announced today that it has secured the $25.78 million sale of Shops at Plaza West Covina, a 46,406-square-foot shopping center located in West Covina, California, a premier community in the eastern San Gabriel Valley.

JLL represented the private seller. The buyer was Phillips Edison & Company.

Plaza West Covina is strategically located at 310 S California Ave., directly adjacent to the Plaza West Covina Mall, which ranks as the sixth most popular regional mall in California with over 8.9 million annual visitors. This prime location provides exceptional visibility and access to substantial daily foot traffic, benefiting from over 226,800 vehicles per day on the San Bernardino Freeway. The property draws customers from a dense trade area with over 219,000 people within a three-mile radius and an average household income of $121,880.

The retail center spans 46,406 square feet and was 88% occupied at the time of sale. The property features a diverse tenant roster including Bank of America, Jamba, Urbane Café, SchoolsFirst Federal Credit Union, California Fish Grill, Gen Korean BBQ House and other specialty retailers. The center benefits from its proximity to the adjacent Plaza West Covina Mall, which features approximately 185 tenants across 25 acres.

Plaza West Covina presented immediate upside potential for the new owner through lease-up of approximately 5,800 square feet of vacant space. The property's location adjacent to one of California's top-performing regional malls provides strong fundamentals for sustained leasing demand and tenant performance.

JLL Capital Market’s Investment Sales and Advisory team representing the seller was led by Managing Director Daniel Tyner and Senior Managing Directors Geoff Tranchina and Gleb Lvovich.

“Well-located unanchored strip centers throughout the greater Southern California market have continued to perform well very,” said Tyner. “The demand from institutional, private and 1031 capital remains robust and we expect this to continue as these well-located assets continue to provide great investment opportunity to the greater the market.”

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. JLL Capital Markets has more than 3,000 specialists worldwide with offices in nearly 50 countries.

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Jones Lang LaSalle Americas, Inc. ("JLL") is a real estate broker licensed with the California Department of Real Estate, license #01223413.

JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 113,000 as of December 31, 2025. For over 200 years, clients have trusted JLL, a Fortune 500® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.

Phillips Edison & Company, Inc. (“PECO”) is one of the nation’s largest owners and operators of high-quality, grocery-anchored neighborhood shopping centers. Founded in 1991, PECO has generated strong results through its vertically-integrated operating platform and national footprint of well-occupied shopping centers. PECO’s centers feature a mix of national and regional retailers providing necessity-based goods and services in fundamentally strong markets throughout the United States. PECO’s top grocery anchors include Kroger, Publix, Albertsons and Ahold Delhaize. As of December 31, 2025, PECO managed 324 shopping centers, including 297 wholly-owned centers comprising 33.5 million square feet across 31 states and 27 shopping centers owned in three institutional joint ventures. PECO is focused on creating great omni-channel, grocery-anchored shopping experiences and improving communities, one neighborhood shopping center at a time.