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TUSTIN, CA-Strocher Heritage Plaza LLC has sold Heritage Plaza, a 14,622-square-foot retail center at 135, 137 and 139 W. 1st St. in the historic Old Town District here, to AMDG Alliance for $5.5 million. The center is 92% occupied by a diverse mix of nine neighborhood tenants. Jeff Conover, senior managing director with Faris Lee Investments, represented the seller, and Matthew Mousavi, senior managing director with Faris Lee, represented the buyer. The closing cap rate was 6%, and the price per square foot amounted to $376.

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