The Taco Bell pad is located in Amerige Heights Town Center, which stands at the intersection of Malvern Street and Gilbert Street. Taco Bell signed a 20-year lease to occupy the space. The deal includes four additional five-year options.

The seller, Regency Centers, was represented in-house. The buyer, Gary Germann with Lava Rock Eighty-Six LLC, was represented by David Minck of California Retail Investments.

Amerige Heights Town Center encompasses 417,081 sf. It is 58% occupied, with Target and Albertson's as its anchor tenants.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.