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MURRIETA, CALIF. — Regency Centers and Target Corp. have completed the disposition of The Murrieta Marketplace, a 49.2-acre land parcel located at the northwest corner of Clinton Keith and Winchester roads in Murrieta. The two-parcel site includes a 38.2-acre site and a 11-acre site, owned by Regency and Target, respectively. Murrieta Marketplace Holdings acquired the parcels for an undisclosed price.
The buyer plans to develop a 500,000-square-foot retail center on the site.
Brian Bielatowicz of Lee & Associates represented the buyer in the deal. Regency Center and Target Corp. represented themselves in the transaction.