Alamo Group purchases Victorville Toys R Us

Published on

toys r us

VICTORVILLE – The Alamo Group and tech entrepreneur Richart Ruddie purchased five former Toys R’ Us locations, including the Victorville store, with the goal to repurpose properties while delivering great value.

“While old big box anchors and enclosed shopping malls have been failing and going out of business, great entrepreneurial minds are finding new opportunities and ways to repurpose and re-tenant these properties and deliver great value while also creating new job opportunities,” said Alamo Group Owner Don Guabe.

 






 

The former Toys R Us store in Victorville permanently closed its doors in the summer of 2018 – one of 735 stores to close nationwide. After filing for bankruptcy, the company disclosed that it had about $5 billion in debt and was spending about $400 million a year just to service it.

The TRU portfolio purchase, completed November 2021, included the 5 former Toys R’ Us locations, along with Planet Fitness, Dollar Tree, Taco Bell and McDonalds – 90,000 square feet of commercial space available to re-tenant.

According to the Alamo Group, the Victorville property has high visibility from I-15 and 202’ of frontage on Amargosa Road which both have high traffic counts. Strong demographics include a daytime population of 87,415 residents within 3 miles. National retailers surround this property, including big box co-tenancy.

spot_img

Latest articles

ADU grant up to $40,000 accepting applications December 11

CALIFORNIA – The California Housing Finance Agency (CalHFA), announced November 27, that the Accessory...

CA awards over $140 Million in grants and tax credits – next round of applications due Jan. 2024

CALIFORNIA –  Governor Gavin Newsom announced, November 17, that California awarded more than $140...

Turf replacement program still offering up to $100,000 rebate for SoCal residents and businesses

SOUTHERN CALIFORNIA – The Metropolitan Water District is providing up to $10,000 rebates to...

Elf The Musical JR coming to the Cultural Arts Center of the High Desert December 1st 

VICTORVILLE – Victorville residents will embrace their inner “elf” when Phil 413 Productions students...
Powered by Foreclosure.com

More like this

ADU grant up to $40,000 accepting applications December 11

CALIFORNIA – The California Housing Finance Agency (CalHFA), announced November 27, that the Accessory...

Congressional Members urge Commissioner to stabilize insurance — 85% of market restricted in CA

CALIFORNIA – California Congressional Members sent a letter, dated November 6, to Insurance Commissioner...

Report says $127,200 minimum income needed to purchase a home in San Bernardino County 

SAN BERNARDINO COUNTY – The California Association of Realtors (CAR) published, Friday, their Housing...