SAN CLEMENTE, CALIF. — Equity One has acquired Talega Village Center, a 102,282-square-foot, grocery-anchored center in San Clemente for $23 million. The center is located at 801 Via Suerte. Talega Village is anchored by Ralphs Fresh Fare. Other notable tenants include Panera Bread, Peet’s Coffee & Tea, Wells Fargo and State Farm Insurance.
The center was originally developed by Rockwood Capital. Equity One and Vestar acquired an interest in the center in December 2010. Rockwood and Vestar have partnered together on a variety of other projects as well. They were represented by Palmer Capital in this sales transaction.
Vestar continues to focus on the acquisition of value-add retail investment opportunities. The firm has acquired more than $1 billion in retail properties in the Western U.S. in the past 30 months alone.