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South County Retail Center Sold
A 121,883-square-foot portion of Foothill Ranch Towne Center in Lake Forest, CA has traded hands. NKF’s Pete Bethea, Rob Ippolito and Glenn Rudy represented the seller, Foothill Ranch LLC, in the $22.25 million sale to an unnamed private family trust.
Located at 36532 Towne Center Dr., the property is a one-million-square-foot master-planned regional retail center anchored by Walmart and Target. The portion sold by the NKF team is 100% occupied by five tenants, including national credit tenant At Home Furnishings as anchor.
Rudy says, “This investment, within the dominant retail trade area among an affluent customer base with significant barriers to entry, will serve as a strategic complement to the buyer’s retail portfolio in Southern California.”
The opening of At Home’s inaugural California location in Lake Forest underscores the strength of this South County community, and directly benefits junior anchor tenant Petsmart, which recently exercised its second of four, five-year options.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition




