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ELK GROVE, CA-The 205,800-sf Laguna 99 Plaza shopping centerhere was sold recently for $18.6 million. The seller was PanPacific Retail Properties and the buyer was GD Development LLC. ElkGrove is a suburb of Sacramento. Completed in 1990, thegrocery-anchored shopping center is located on the corner ofHighway 99 and Elk Grove Boulevard. The center includes a Wal-Mart,which was not part of the transaction, as well as Pak 'n Sav,Golden 1 Credit Union, Lyons Restaurant and others.GD Developmentis related to Douglas Sutherland, owner of Citadel Equities Groupof San Diego. Citadel is currently planning a large office park anda shopping center with eateries and other services on a piece ofthe 130-acre Stone Point campus in Roseville. Sutherland was notavailable Tuesday for comment and neither was his broker in thetransaction, Greg Dalton of CB Richard Ellis. Graham Bryan ofResource Commercial Real Estate in San Diego represented PanPacific in the transaction. He, too, was unavailable Tuesday forcomment.