Grocery-anchored

Rancho Cordova, Calif. — JLL Capital Markets has negotiated the $20.3 million sale of Cordova Village, a 60,617-square-foot Safeway-anchored retail center in Rancho Cordova, roughly 13 miles east of downtown Sacramento. The property features three single-tenant buildings, which were fully leased at the time of sale to tenants including Safeway, Safeway Fuel Station and Bank of America. Cordova Village was built in 2001 on 7.2 acres. Eric Kathrein, Gleb Lvovich and Jeff Cicurel of JLL’s Investment Sales and Advisory team represented the seller, McNellis Partners, in the transaction. The buyer was an undisclosed …

Rialto, Calif. — NewMark Merrill Cos. has sold Rialto Village, a 92,000-square-foot shopping center located in the Inland Empire city of Rialto. NewMark Merrill — which developed and constructed the center — will continue to manage the property on behalf of the buyer, Langdon Street Capital. Chris Renard of Commercial Realty Consultants arranged acquisition financing for the deal. Reza Etedali, Ramez Barsoum and Aaron Bettencourt of REZA Investment Group represented NewMark Merrill and Langdon Street Capital, while Sandy Sigal, James Patton, Brad Pearl and Sandra Kist of NewMark Merrill oversaw the transaction. …

Elk Grove, Calif. — Los Angeles-based private investment company Bershon Realty Co. LP has acquired The Shops at Laguna Reserve, a 33,308-square-foot shopping center located in Elk Grove, approximately 15 miles south of Sacramento. The purchase price was $19.2 million. The Shops at Laguna Reserve features six pad buildings, along with a Safeway that shadow anchors the property.  Safeway was not included in the transaction. Other tenants at the center — which was fully leased at the time of sale — include Starbucks Coffee, Pacific Dental, Bank of America and Round …