Oxylane Groupe-Decathlon, the French operator of of the Decathlon chain, has purchased a retail center in Ontario, CA, apparently as part of a return to U.S. retailing.
The company purchased the retail complex on Milliken Avenue that was a cluster for furniture chains, according to a statement from a real estate firm.
Oxylane Groupe purchased the 128,330-square-foot property, called The Town Center Ontario, for $11.75 million in an all-cash deal, Donald MacLellan, senior managing director for Faris Lee Investments, said in a statement.
The store will occupy a large portion of the center and the complex will also serve as a distribution hub. Decathlon has also reportedly acquired a site in the Chino-Chino Hills area near the 71 Freeway.
Decathlon’s parent company bought the assets of the former MVP Sports
Stores, Inc. in the U.S. in 1999. In 2003 Decathlon USA altered its
business plan and shut down all but four of its 20 regional stores. It closed those four stores in Massachusetts and ceased U.S. operations in 2006.
