LA Investor Acquires Sacramento-Area Shopping Center

The Shops at Laguna Reserve, a 33,308-square-foot, fully leased shopping center shadow-anchored by a newly constructed Safeway grocery store in Elk Grove, a Sacramento suburb, has sold for $19,175,000 to Bershon Realty Company, LP, a private investment company based in Los Angeles. The sale included six pad buildings but did not include the Safeway.

Bershon Realty was represented by Bill Asher and Jeremy McChesney of Hanley Investment Group Real Estate Advisors, based in Corona del Mar. The seller, a private investor based in Roseville, was represented by Adam Rainey, Pat Ronan and Aman Bains of Gallelli Real Estate, also based in Roseville.

“Our client was seeking a high-quality retail asset with durable income and long-term upside, and this property checked every box,” said Asher. “We moved quickly to secure the opportunity, negotiating terms within two weeks of the property being listed for sale, and facilitated a streamlined due diligence in less than 30 days and a 45-day escrow to meet the buyer’s exchange timeline.”

Located at 10040–10064 Bruceville Rd., The Shops at Laguna Reserve spans four parcels totaling 4.16 acres.

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Inside The Story

Hanley Investment Group's Asher

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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