California

Novato, Calif. — Grosvenor Americas has completed the disposition of Hamilton Marketplace, a retail center located at 5800 Nave Drive in the San Francisco Bay Area community of Novato. Terms of the transaction were not released. Grosvenor originally developed the 90,769-square-foot, open-air shopping center in 2008. At the time of sale, the property was fully leased to tenants including Safeway, Pet Food Express, Super Duper, Peet’s Coffee, Wells Fargo, Toast Restaurant and Cycle Bar. Nicholas Bicardo of Newmark Retail Capital Markets represented Grosvenor in the deal.

Foothill Ranch, Calif. — Hanley Investment Group has arranged the $4.9 million sale of a single-tenant, net-leased retail property occupied by Michaels in South Orange County. The Michaels store is located within Foothill Ranch Towne Centre in Foothill Ranch. Eric Wohl and CJ Kiehler of Hanley represented the sellers, two separate family trusts based in Nevada and Southern California. Lee & Associates represented the buyer, a private investor based in Orange County. The 25,000-square-foot building was constructed in 1994 and is a junior anchor at the center. Michaels’ neighboring tenants …

Moreno Valley, Calif. — Newmark has arranged the sale of Lakeshore Village Marketplace, a neighborhood shopping center located in Moreno Valley. A Southern California-based private party acquired the retail property from an entity doing business as Lakeshore Plaza Holdings LLC for $8.3 million. Situated at 23575 Sunnymead Parkway, Lakeshore Village Marketplace features 80,000 square feet of retail space. The transaction also includes a 2.3-acre land parcel adjacent to the retail center. Lakeshore Village Marketplace has maintained a steady 87 percent occupancy rate by tenants including Armando’s Mexican Restaurant, Espresso & …

Moreno Valley, Calif. — Argent Retail Advisors has arranged the sale of a single-tenant property formerly occupied by Acapulco restaurant at 12569 Centerpoint Drive in Moreno Valley. The property, which was vacant at the time of the sale, sold for $4.8 million in an all-cash transaction. The building is situated just off the 60 freeway at the intersection of Frederick St. and Sunnymead Boulevard. Terry Bortnick of Argent Retail Advisors represented the seller, Brixton Alto Shopping Center LLC, in the transaction.