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California  + Orange County  + Retail  | 

Parcels Trade at Rancho Santa Margarita Center in Breakup Strategy

Faris Lee Investments closed the sale of Parcels 2 & 3 at Plaza Empresa in Rancho Santa Margarita for $19 million, or $485 per square foot. Senior managing director Scott DeYoung, managing principals Jeff Conover and Shaun Riley and director Greg Lukosky represented the seller in this transaction, which is part of a broader break-up strategy for the Plaza Empresa Commercial Center.

The sale of Parcels 2 & 3 was made to a 1031 exchange buyer from Southern California, who was represented by Nathan Holthouser and Rebecca Canalez of Coastal Commercial. The property is anchored by the United States Post Office and Laguna Beach Brewery.

Faris Lee previously completed the sale of Parcel 1 for $5.2 million to a 1031 exchange buyer. Plaza Empresa is located in an affluent master-planned community with high barriers to entry, ensuring strong tenant demand and consistent rental growth, according to Faris Lee.

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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).

  • ◦Sale/Acquisition
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