A Chinese real estate investor bought the 163,514-square-foot Amerige Heights Town Center in Fullerton.
Shin Yen International Pty. Ltd., a real estate investor with shopping center and office building portfolios in Taiwan, Australia and the U.S., paid $48.5 million for the 15.2-acre property on West Malvern Avenue in one of the largest retail property sales of the year in Orange County.
Amerige Heights Town Center is 95% leased; tenants include Barnes & Nobles, Gold’s Gym, Ross Dress for Less, Olympic Golf and T-Mobile.
The property is part of a larger 416,844-square-foot retail center dual anchored by a Target and an Albertsons, which weren’t part of the sale.
HFF Senior Managing Director Ryan Gallagher and Associate Director CJ Osbrink brokered the deal for an unidentified institutional seller listed in property records as BlackRock Inc.
Shin Yen International was represented by Michael Randall of Randall Realty Advisors.
