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BUENA PARK, CA-Red Mountain Retail Group of Santa Ana has soldits 103,973-sf Buena Park Promenade, a former Kmart site that thecompany converted to a specialty neighborhood center, to a privatefamily trust for $23 million. The center occupies the northwestcorner of the intersection of Lincoln Boulevard and Valley ViewStreet.
Dixie Walker and Charley Simpson of the Newport Beach office ofGrubb & Ellis, who represented the seller, report that planscall for the continued expansion of the center with the addition ofshop space and pads, including a freestanding Starbucks pad thatGrubb & Ellis is marketing.
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