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California  + Orange County  + Retail  | 

Rancho Santa Margarita Retail Trades All-Cash to Curbline Properties

Faris Lee Investments closed the all-cash sale of Santa Margarita Marketplace for $22.76 Million. The transaction, completed on behalf of seller K&G Marketplace, was acquired by Curbline Properties, a publicly traded REIT.

The team of Scott DeYoung, Chris DePierro, Jeff Conover and Greg Lukosky represented the seller. This marks the third sale by Faris Lee of the seller’s retail portfolio in Rancho Santa Margarita, totaling more than $93 million in consideration.

“The strategic gateway location of Santa Margarita Marketplace, coupled with its strong tenant roster and excellent accessibility to the heart of one of South Orange County’s premier retail developments ensures that this property will remain a valuable asset in the years to come,” said DeYoung.

The 29,418-square-foot retail center features three multi-tenant, free-standing pad buildings and is anchored by national tenants including Starbucks, Luna Grill and Philly’s Best.

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Faris Lee's DeYoung

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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