Poincare Group Acquires Retail Property In Temecula For $26.1M

The retail assets involved in the transaction are Bel Villaggio I-II and Bel Villaggio III, located at 41501 and 41221-41493 Margarita Road in Temecula, California. The properties, spanning over 16.3 acres, were sold by Pathfinder Partners to Poincare Group for $26.1 million. Situated adjacent to Costco and Promenade Temecula, these retail assets offer a prime commercial location in the Temecula market.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $26,100,000.00
• Address: 41501 and 41221-41493 Margarita Road, Temecula, CA
• Market: Temecula
• Seller's Reps: Kirk Brummer (Kidder Mathews), Philip Voorhees (CBRE), Sean Heitzler (CBRE)
• Buyer: Poincare Group

Kirk Brummer, Sean Heitzler, and Philip D. Voorhees, representing CBRE’s National Retail Partners-West, facilitated the transaction as the seller's representatives. The acquisition of Bel Villaggio I-II and III marks a significant deal in the Temecula retail market, showcasing the expertise and negotiation skills of the involved parties.