NKF Arranges Sale of Target-Anchored Shopping Center in Southern California

by Nellie Day

ORANGE, CALIF. — NKF Capital Markets has arranged the sale of Rusty Leaf Plaza, a neighborhood shopping center located at 2512 E. Chapman Ave. in Orange.

A joint venture between Canyon Catalyst Fund and Paragon Commercial Group sold the property to Inland Real Estate Acquisitions for an undisclosed price in an off-market transaction.

At the time of sale, the center was 98 percent occupied. Anchored by Target, the retail center also features a mix of service, medical and fast casual dining tenants.

CJ Osbrink of NKF Capital Markets represented the seller in the deal.

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