California

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 …

Temecula, Calif. —SRS Real Estate Partners has arranged the $9.8 million sale of a single-tenant retail property situated within Butterfield Station, a 70,455-square-foot grocery-anchored retail center in Temecula. Fitness 19 occupies a 30,057-square-foot building at the center. This transaction completes the $26.5 million, four-parcel break-up strategy of Butterfield Station. As part of the break-up, in 2024, a 30,038-square-foot Smart & Final grocery store sold for $11.5 million, while a 5,360-square-foot multi-tenant strip center sold for roughly $2.3 million. The last of the properties included in the break-up was the 5,000-square-foot …