ELK GROVE, CA-A 70,544-square-foot retail center in Elk Grove has changed hands for $18.75 million. Laguna Pavilion, located at Bruceville Road and Laguna Boulevard, was sold and bought by Bay area investors.
The sales price of the shopping center breaks down to $266 per square foot. Major tenants in the center include Chili's, Pier 1 Imports, Party City, Tuesday Morning and The Sleep Train. Arroyo Commercial Group's Pedro Arroyo, Reid Lewis and David Kram brokered the deal. For the full story, go to Sacramento Business Journal .
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