Burnham Sells Interest in 3 More Properties

SAN DIEGO-Burnham Pacific Properties Inc. has sold its interests in three shopping centers in a deal valued at $22.3 million.

In the largest transaction, the San Diego-based company sold Santa Fe Springs Plaza, a 165,000-sf community shopping center in Santa Fe Springs to Santa Fe Springs Plaza Associates LLC for about $19.7 million. The buyer is a joint venture between ScanlanKemperBard Cos. of Oregon and Praedium Group.

Burnham Pacific also sold its 25% ownership interest in the 77,000-sf Margarita Plaza shopping center in Huntington Park to California Urban Investment Partners LLC for about $1.88 million.