Palm Springs, Calif. -- La Jolla, Calif.-based Ramsey Real Estate Group announced that it has acquired a 10,550-sq.-ft. building that is a portion of Palm Springs Marketplace in Palm Springs, Calif.
The acquisition was made by Ramsey Real Estate Group’s The Shops at Palm Springs Marketplace, LP. The firm paid $1.15 million for the property.
Palm Springs Marketplace is a Stater Bros.-anchored community shopping center with a tenant mix of Arco, McDonald’s, Taco Bell, AutoZone, Dollar Tree, Dairy Queen and Kaiser Permanente.
Previously the building was occupied by Hollywood Video and Domino’s Pizza. Ramsey Real Estate Group will renovate this property to create The Shops at Palm Springs Marketplace.