Eitan Holder And Criterion Fund Acquire Lakeshore Plaza In Palm Springs For $8 Million

The retail asset at 2669 Forest Hill Boulevard in Palm Springs has been sold for $8,000,000. The property spans 51,715 square feet, resulting in a price per square foot of $154.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $8,000,000
• Address: 2669 Forest Hill Boulevard
• Market: Palm Springs
• Square Footage: 51,715
• Price per Square Foot: $154
• Buyer: Eitan Holder, Braden Cheek, Brian Duck, Joel Thompson & Andy Thelen - The Criterion Fund
• Seller: IMC Equity Group
• Broker: Sean Glickman - Cushman & Wakefield

The Criterion Fund, led by Eitan Holder, executed the acquisition of the property known as Lakeshore Plaza. The buyer expressed enthusiasm for the deal, noting a strategic focus on well-located retail properties aimed at both immediate cash flow and long-term growth. Following 2025’s activity, which included 10 retail centers and 3 development deals, the Criterion Fund aims to expand its portfolio in various U.S. markets throughout 2026.