California

Temecula, Calif. — Progressive Real Estate Partners has arranged the sale of a Rancho Car Wash-occupied retail asset located at 27378 Jefferson Ave. in Temecula. The property traded hands for $6 million. Victor Buendia of Progressive Real Estate Partners represented the buyer and seller, both of which are Los Angeles County-based private investors, in the transaction. Established in 1988, Rancho Car Wash offers full-service hand car washes, auto detailing services and an oil and lube center. The transaction included both the business and real estate and the buyer plans to …

Fresno, Calif. — Wood Investment Cos. Inc. has acquired Kings Canyon Pavilion shopping center, a 152,354-square-foot retail center anchored by 99 Cents Only in Fresno, for $11.8 million. Built in 2007, the 91 percent-occupied property is situated at 4965 East Kings Canyon Road. By the close of escrow, Wood Investments had secured leases with Raising Cane’s Chicken Fingers and Dutch Bros. to occupy two new single-tenant pad buildings. Both tenants are expected to open in mid-2022. Current tenants at the property include O’Reilly Auto Parts, Cricket Wireless Authorized Retailer, Corina’s …

East Palo Alto, Calif. — JLL Capital Markets has arranged the $53.2 million sale of Gateway 101, a 92,110-square-foot retail center in East Palo Alto, roughly 30 miles outside San Francisco. The property is fully leased to Target and Nordstrom Rack, and opened in 2000 as part of a larger 430,000-square-foot retail center. Bryan Ley, Eric Kathrein and Tony Ensbury of JLL represented the seller, Regency Centers Corp., in the disposition of the property to an undisclosed private foreign investor.