CARMICHAEL, CALIF. — Grubb & Ellis Co. has brokered the sale of 5 Points Shopping Center in Carmichael. LaeRoc Funds, a Los Angeles-based investment fund, has acquired the 50,140-square-foot retail center from Progenitor Holdings Co. of Stockton. Tenants at the fully leased property, located at 5100 Arden Way, include 24 Hour Fitness, Hollywood Video and Coldstone Creamery. Grubb & Ellis’ capital advisory services group in Sacramento, consisting of Heath Charamuga, Erik Neese, Ken Noack Susanne Baker and Ben Prater, represented both parties in the transaction. The purchase price was undisclosed.