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LOS ANGELES-A 3,026-sf space at a Fullerton retail complex has been sold for more than $1 million. The area is currently leased by fast food chain Taco Bell.

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.

Regency Centers plans to build a strong relationship with the Fullerton community and future tenants of the shopping center, according to Brian Smith, managing director of investments for the Pacific/Northwest region.

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