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MORENO VALLEY, CALIF. — A 40,000-square-foot retail property in Moreno Valley that is occupied by Sports Authority has sold to Day Moreno Valley LLC for $7.85 million. The property was built in 2009 and is located at 12450 Day Street. It resides within the TownGate Crossing retail center. Dennis Vaccaro and Donald MacLellan of Faris Lee Investments represented the seller, Gateway Company, L.C.