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BANNING, CA-A family trust from San Diego has acquired the 44,291-sf Sun Lakes Village retail center for $8.8 million from Los Angeles-based Westwood Financial Corp., according to Grubb & Ellis. Separately, the brokerage firm reports that Easy Life Furniture, a La Mirada-based furniture retailer, leased 28,000 sf of retail space in Murrieta for a new store.The buyer of the Banning center was Smiser Family Properties, which was represented by Dixie Walker and Charley Simpson of Grubb & Ellis’ Newport Beach office, with the seller representing itself. The shopping center, which is located at 300 S. Highland Ave., was 100% leased at the time of sale. Tenants include Payless ShoeSource, Rent-A-Center and GNC. Also, part of the center, but not included as part of the sale, are buildings occupied by Albertson’s, Rite Aid and Big Kmart. In the Easy Life lease, the store will be in HomeCenter Murrieta, a 236,000-sf, freeway-oriented shopping center slated to break ground in mid-summer 2004 at the northeast corner of the I-15 Freeway and Los Alamos Road. Other tenants signed to date include home furnishings retailers Thomasville Gallery, Arizona Leather, Salmo’s Custom Sofas and Wickes Furniture. Mark Baziak and Teale Hotchkiss of Grubb & Ellis’ Newport Beach office represented the tenant, with Walter Pagel, Ian Brown and Vanessa Brown representimg the landlord, Home Center Murrieta LLC of Laguna Niguel.

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