California

Corona, Calif. — Barret Woods & OERP LLC has purchased The Shops at Dos Lagos, a lifestyle shopping center in Corona, for $47.4 million. Built in 2006, the center offers 351,200 square feet of retail space on 47.4 acres with four in-line shop buildings, four ground-leased restaurant pads, a 15-screen movie theater and a 7,000-square-foot pad available for lease or development. Current tenants include Trader Joe’s, Express, Sunglass Hut, Bath & Body Works, Daniel’s Jewelers, Sleep Number, Papaya, Fatburger, Pinkberry, Miguel’s California Mexican Cocina, Woodranch BBQ & Grill, RA Sushi, …

Sacramento, Calif. — Donahue Schriber has sold Town & Country Village, a dual grocery-anchored shopping center in Sacramento, to Phillips Edison & Co. for an undisclosed price. Trader Joe’s and Sprouts Farmers Market co-anchor the 216,320-square-foot center. At the time of sale, the property was 91 percent leased to tenants including Bed Bath & Beyond, Ross Dress for Less, T.J. Maxx and Five Below. Town & Country Village is situated on 19 acres at 2601-2651 and 2717-2805 Marconi Ave. Originally constructed in 1950, the asset was most recently renovated between …

Lake Elsinore, Calif. — Hanley Investment Group Real Estate Advisors has arranged the $10.5 million sale of a single-tenant retail property occupied by Walgreens in Lake Elsinore. Jeremy McChesney, Bill Asher and Jeff Lefko of Hanley Investment Group represented the seller, Diamond Properties, in the transaction. Oliver Wang of RE/MAX Premier Properties represented the buyer, a private investor based in Irvine, California. Built in 2011, the 13,676-square-foot building offers a drive-thru and is situated on 1.36 acres at 160 Diamond Drive.

El Cajon, Calif. — La Maestra Family Clinic has purchased a multi-tenant retail center located at 1242-1248 E. Main St. in El Cajon, roughly 17 miles outside San Diego. Main Street Trust sold the asset for $6.4 million. The buyer plans to convert the vacant, 22,694-square-foot retail center into a community health center. Mike Conger and Brian Jenkins of Commercial Asset Advisors represented the seller, while Keith Edwards of Keller Williams Realty Metro represented the buyer in the deal.

Hemet, Calif. — SRS Real Estate Partners has arranged the sale of Shops at KPC Towne Centre, located at 2375-2465 W. Florida Ave. in Hemet. A southern California-based private family trust sold the center to a Los Angeles-based private investor for $9.5 million. Situated on two acres, the three-building property features 20,167 square feet of retail space. At the time of sale, eight tenants fully occupied the center. Matthew Mousavi, Patrick Luther and Max Sabino of SRS’ National Net Lease Group represented the seller, while Jason Paukovits of Dream Realty …

Anaheim Hills, Calif. — Sunbelt Investment Holdings has purchased a 205,000-square-foot The Home Depot Superstore in Anaheim Hills for an undisclosed price. The flagship store is situated on 18 acres along the north side of Interstate 91 roughly 38 miles outside Los Angeles. The property is the largest Home Depot on the West Coast and the second largest in the nation, according to the buyer. The name of the seller was not released.

San Bernardino, Calif. — SRS Real Estate Partners has arranged the sale of a restaurant building located at 1857 S. Tippecanoe Ave. in San Bernardino. An affiliate of Red Mountain Group sold the property to a San Diego-based high-net-worth investor for $8.2 million. Raising Cane’s Chicken Fingers occupies the 4,086-square-foot property, which was built in 2017 on 1.2 acres and has more than 11 years remaining on its absolute triple-net lease. Matthew Mousavi and Patrick Luther of SRS’s National Net Lease Group represented the seller, while Jim Casale of Lee …