California

Lynwood, Calif. — Hanley Investment Group Real Estate Advisors has negotiated the $15 million sale of Atlantic Crossing, a 39,146-square-foot retail center located in Lynwood, roughly 12 miles south of downtown Los Angeles. Built in 2003, Atlantic Crossing was fully leased at the time of sale to tenants including Walgreens, Starbucks, Panda Express, Subway, PNC Bank, AltaMed Health Services, Diamond Dental, Fiesta Auto Insurance, Tutti Frutti and La Carniceria Meat Market. Ayda Kach of Hanley represented the all-cash buyer, a privately held retail real estate investment firm and developer based …

Bakersfield, Calif. — SRS Real Estate Partners has arranged the $11.7 million sale of Lumberjack Square, an 85,031-square-foot shopping center located in Bakersfield. Body Xchange, a fitness and health club, anchors the property, which features a mix of additional tenants including DaVita and The Firehouse. Matthew Mousavi and Patrick Luther of SRS represented the seller, a California-based partnership. The buyer, also a California-based partnership, acquired the property with new financing.

Encinitas, Calif. — Marcus & Millichap has brokered the sale of a two-property retail portfolio located at 548-568 S. Coast Highway 101 and 571 2nd St. in Encinitas, roughly 25 miles north of San Diego. The properties sold for a combined $8.3 million. The first property — 548-568 S. Coast Highway 101 — spans 5,698 square feet of retail space and includes five suites in two adjacent buildings. Adam Robinson of RAF Pacifica Group purchased the property for $4.7 million. The second property — 571 2nd St. — features 6,508 square …

Temecula, Calif. — Progressive Real Estate Partners has arranged the $6.5 million sale of a multi-tenant retail building located within Vail Ranch Plaza in Temecula. Greg Bedell of Progressive represented the buyer, a Los Angeles-based private investor. Brian Bielatowicz, Ryan Bennett and Drew Olson of Lee & Associates represented the seller, another private investor. The 8,781-square-foot retail property was fully leased at the time of sale to tenants including Better Buzz Coffee, Orangetheory Fitness, Krak Boba and D’Or Nail Lounge. Vail Ranch Plaza is an open-air shopping center that is …

Lake Elsinore, Calif. — Hanley Investment Group Real Estate Advisors has arranged the $3.4 million sale of a single-tenant retail property located in the Inland Empire city of Lake Elsinore. Super Star Express Car Wash occupies the 4,116-square-foot building, which is situated within a Stater Bro.-anchored retail project under development. The newly built property operates on a 20-year, triple-net ground lease with 10 percent rental increases every five years. Bill Asher and Jeff Lefko of Hanley represented the seller and developer, Evergreen Devco Inc., in the transaction. Dan Riley of CBRE …