West Coast retail plaza sold

Developer lands asset

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Resource Commercial Real Estate arranged the sale of Laguna 99 Plaza, a 205,800-square-foot shopping center in Elk Grove, Calif. The value of the transaction was $18.6 million. The property, built in 1990, is located on the corner of Highway 99 and Elk Grove Blvd., and is grocery-anchored by Pak 'n Sav. Other tenants in the center include Wal Mart (not a part of the transaction), Golden 1 Credit Union, Lyons Restaurant, among others.  Pan Pacific Retail Properties sold the property to GD Development LLC. Resource Commercial Real Estate represented the seller in this transaction. CB Richard Ellis represented the buyer. Resource Commercial Real Estate Inc. is a full-service commercial real estate company. *** What's your opinion? Send your Letter to the Editor to opinion@inman.com....