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IRVINE, CALIF. — Lincoln Property Company has purchased Michelson Marketplace, a 32,560-square-foot shopping center within the Irvine Business Center. Though the final selling price was not disclosed, the publicly listed asking price was $13 million. The marketplace is located at 2222 and 2272 Michelson Drive. It is 90 percent occupied. Lincoln plans to renovate the 29-year-old shopping center. Lincoln Property represented itself in this transaction, while the private seller was represented by Michelle Schierberl, Donald Ellis, Jereme Snyder and Mark Joens of Colliers.