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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.
- ◦Sale/Acquisition




