Nexus USA Buys Shop Center Site
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Nexus USA, an Irvine-based commercial real estate developer, has acquired an 11.14-acre site in Riverside for a planned $18-million, 112,000-square-foot neighborhood shopping center.
The site, at the northwest corner of La Sierra and Indiana avenues, had been planned as headquarters of fast-food restaurant Naugles Inc. before Naugles was acquired by Collins Foods International Inc.
Construction of the Nexus Towncenter-Riverside is scheduled to begin early next year. It will include a supermarket, full-line drugstore, service station and smaller retail stores.
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