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A joint venture between MCB Real Estate and a fund managed by DRA Advisors has acquired Falcon Ridge Town Center, a 273,424-square-foot retail center in Fontana, Calif., for $64.7 million. This was the partnership’s first transaction.

Located at 15218–15320 Summit Ave., Falcon Ridge was fully leased at the time of sale. Its previous owner was SITE Centers, according to CommercialEdge information.