Southern California shopping center sold for $44.3 million
Lake Elsinore Marketplace, a 144,034-sq.-ft. shopping center in Lake Elsinore, California, was sold to Irvine-based Pacific Castle for $44.3 million.
The seller, Diamond Development of San Diego, was represented by Hanley Investment Group.
The 95% occupied center is anchored by Grocery Outlet, Dollar Tree and PetSmart. Other tenants include Kirkland’s, AT&T, Chili’s Grill & Bar, The Coffee Bean & Tea Leaf, Del Taco, Dickey’s Barbecue Pit, EZ Lube, Great Clips, Navy Federal Credit Union, Panda Express, Pacific Dental, Popeyes, Wells Fargo Bank and Wendy’s.
The seller, Diamond Development of San Diego, was represented by Hanley Investment Group.
The 95% occupied center is anchored by Grocery Outlet, Dollar Tree and PetSmart. Other tenants include Kirkland’s, AT&T, Chili’s Grill & Bar, The Coffee Bean & Tea Leaf, Del Taco, Dickey’s Barbecue Pit, EZ Lube, Great Clips, Navy Federal Credit Union, Panda Express, Pacific Dental, Popeyes, Wells Fargo Bank and Wendy’s.