Sale
K&G El Paseo 1 & 2 LLC sold Plaza El Paseo in Rancho Santa Margarita to Plaza El Paseo Center LLC for $56.6 million, or about $550 per square foot.
The 107,000-square-foot shopping center is at 22205-22372 El Paseo.
The property is occupied by a diverse mix of tenants including retailers Bed, Bath & Beyond, BevMo, and a Wood Ranch BBQ restaurant.
Rick Chichester, Nicholas Coo, and Chris DePierro of Faris Lee Investments represented the buyer and the seller.