TEMECULA, CA-A 290,000-sf portion of the 539,159-sf Temecula Town Center shopping complex has traded hands in a deal valued at $47.5 million.

Two limited liability companies, Lakha Investment Co. LLC and Lakha Federal Way Properties II LLC, have joined up to purchase the local retail asset. The portion that sold is leased to tenants including HomeGoods, Sav-on, 24 Hour Fitness and Hollywood Video.

Located on a 31.3-acre site on the northeast corner of Rancho California and Ynez roads, Temecula Town Center dates back to 1989. The shopping center, which was 90% leased at the time of sale, is anchored by Target and Vons. Both anchor tenants own their facilities.

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