Garcia represented the buyer of the mixed-use retail and officeproperty, a California-based private investment group, whichacquired the asset from another privately held investment entity.Garcia notes that the property, which is situated on approximately40,120 sf of land, is located near the 121-acre oceanfrontHeadlands development.

The Headlands project consists of a new hotel, oceanfront homesand a retail center along the Dana Point coast. The project is offthe Interstate 5 and Pacific Coast Highway.

In the San Marcos transaction, a private investor bought the72,908-sf Palomar Plaza at 700-762 South Rancho Santa Fe Rd. fromanother private investor for $6.1 million, with Scott Hook and JohnNguyen of the Newport Beach office of Marcus & Millichapbrokering the deal on behalf of the seller. Hook also representedthe buyer. The 72,908-sf center, which the seller had owned since1978, is anchored by a CVS Pharmacy and a Citibank branch.