Brixmor Property Group has acquired the Brea Gateway Center for $85.7 million. The seller was not disclosed, but industry sources show that PNC sold the property.

Located at 101-407 W. Imperial Highway in Brea, California, the shopping center is 13 parcels on 12.5 acres, and has visibility from the highly trafficked road. The property is co-anchored by a Ralphs and Rite Aid, and was 98% leased at the time of the sale. Other tenants include HomeGoods, Cost Plus World Market, Mattress Firm, Taco Bell and Panda Express.

JLL managing directors Gleb Lvovich, Bryan Ley and Geoff Tranchina and senior director Daniel Tyner represented the seller in the deal. According to Tranchina, it is rare for a property of this caliber to trade hands in Orange County. The Downtown Brea area where the property is located 134,290 residents with an average annual household income of $91,069 within a three-mile radius.