(Save the Date: RealShare Orange County 2012 comes to the Hyatt Regency, Irvine, August 16.)
IRVINE, CA-Two grocery-anchored shopping centers and a Panera Bread have sold in different cities within Southern California, the restaurant property in Temecula, CA, fetching a landmark $560 per square foot. The two necessity-based shopping centers, Marketplace @ Palm Desert in Palm Desert, CA, and Seabridge Marketplace in Oxnard, CA, represented nearly 190,000 square feet.
The Marketplace, a 96,463-square-foot shopping center previously owned by the Rinker Co. of Newport Beach, is located at 78206 Varner Rd. and sold for $22.85 million. The property, bought by Marketplace LP of Orange, CA, is anchored by Stater Bros. and Walgreens and features other notable tenants including True Value Hardware, El Paseo Bank, Mario’s Italian Caf
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Carrie Rossenfeld
Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.
