REAL ESTATE

Southern California shopping center sold for $44.3 million

BY Jennifer Setteducato

Lake Elsinore Marketplace, a 144,034-sq.-ft. shopping center in Lake Elsinore, California, was sold to Irvine-based Pacific Castle for $44.3 million.

The seller, Diamond Development of San Diego, was represented by Hanley Investment Group.

The 95% occupied center is anchored by Grocery Outlet, Dollar Tree and PetSmart. Other tenants include Kirkland’s, AT&T, Chili’s Grill & Bar, The Coffee Bean & Tea Leaf, Del Taco, Dickey’s Barbecue Pit, EZ Lube, Great Clips, Navy Federal Credit Union, Panda Express, Pacific Dental, Popeyes, Wells Fargo Bank and Wendy’s.

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