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by CareyBot

Harsch Investment Properties acquired two community shopping centers in the Coachella Valley in Riverside County, Calif. The total value of the transactions was more than $48 million. San Francisco-based M&H Realty Partners sold Plaza La Quinta, a 124,152-square-foot shopping center in La Quinta, and One Eleven Town Center, a 141,786-square-foot shopping center in Palm Desert. Plaza La Quinta occupies the southwest corner of the intersection of Washington Street and State Highway 111. Anchored by a recently remodeled and expanded Vons grocery, the project was 100 percent leased at the time of sale by 36 tenants, including Lumpy's Discount Golf and a Beer Hunter Restaurant. One Eleven Town Center is located on the northwest corner of State Highway 111 and Town Center Way. Anchored ...