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RANCHO SANTA MARGARITA, CA-Another portion of the Santa Margarita Marketplace has been scooped up, as a limited liability company has acquired 37,371 sf here. Iron I LLC has paid $7.2 million for the property, which was completed in 2000. This portion of the complex houses anchor tenant Staples, among other retailers.

Located in the 30500 block of Avenida de las Flores, the Santa Margarita Marketplace encompasses more than 300,000 sf. The complex was 100% occupied at the time of the transaction, according to Dennis Vaccaro, a Faris Lee Investments broker who worked on the deal.

Vaccaro and David Lee, also of Faris Lee Investments, represented the seller, K & G Marketplace LLC. The buyer was represented by Roger Clark of The Clark Companies.

K & G Marketplace also sold off 45,872 sf of the complex recently. This portion of the Santa Margarita Marketplace, which houses a Linens N Things, was snapped up by Goodwin & Danzig Family Trusts for $8.3 million, as reported yesterday by Globest.com.

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