Irvine, CA Irvine

A 121,883-square-foot portion of the Foothill Ranch Towne Center master planned community has sold between two private buyers for $22.3 million. The 1 million square-foot master-planned regional retail center is anchored by Walmart and Target.

Located at 36532 Towne Center Drive in Lake Forest, the property is 100% occupied by five tenants including national credit tenant At Home Furnishings as anchor.

NKF vice chairman Pete Bethea and senior managing directors Rob Ippolito and Glenn Rudy represented the seller, Foothill Ranch LLC. The buyer was a private family trust.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

Orange County
Net Lease
Retail
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