Faris Lee Investments recently facilitated the sale of Santa Margarita Marketplace for $22.76 million, with the transaction being completed in all-cash on behalf of seller K&G Marketplace. The property was acquired by Curbline Properties, a publicly traded REIT.
The team at Faris Lee represented the seller and this is their third successful sale of a retail portfolio in Rancho Santa Margarita, totaling over $93 million.
According to Scott DeYoung, one of Faris Lee’s representatives involved in the transaction: “The prime location and strong tenant lineup at Santa Margarita Marketplace make it an invaluable asset for years to come.” The 29,418-square-foot retail center includes three multi-tenant buildings anchored by popular national brands such as Starbucks, Luna Grill and Philly’s Best.
This recent deal showcases continued growth and investment opportunities within South Orange County’s premier retail developments.
