Bershon Realty Company LP Acquires The Shops At Laguna Reserve In Elk Grove For $19.18M

The asset involved in this transaction is a retail center located at 10040-10064 Bruceville Road in Elk Grove, California. The property, known as The Shops at Laguna Reserve, features a total square footage of 33,308 and is fully leased. The sale price for this retail asset was $19,175,000, resulting in a price per square foot of $576.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $19,175,000
• Address: 10040-10064 Bruceville Road
• Market: Elk Grove
• Square Footage: 33,308
• Price per Square Foot: $576
• Buyer: Brian George - Bershon Realty Company, LP
• Buyer's Representatives: Bill Asher & Jeremy McChesney - Hanley Investment Group
• Seller's Representatives: Adam Rainey, Pat Ronan & Aman Bains - Gallelli Real Estate

Bershon Realty Company LP acquired the fully leased retail center, which is shadow-anchored by Safeway. The transaction was facilitated by the respective brokerage firms led by Bill Asher and Jeremy McChesney from Hanley Investment Group, representing the buyer, while Adam Rainey, Pat Ronan, and Aman Bains from Gallelli Real Estate represented the seller based in Roseville.