Irvine-based Shopoff Realty Investments announced this week it sold the final remaining parcel of the 14-acre Sunrise Village retail center in Fullerton. The nearly half-acre parcel was offloaded for $2.5 million, bringing Shopoff Realty’s total dispositions to $58.8 million.
Shopoff Realty bought the entire retail center in 2021 for $26.5 million.
Sunrise Village has since been demolished and would be redeveloped as a mixed-use center with housing and service-oriented retail.
A portion of the former retail center was sold to Lennar Homes, which plans to build 113 houses on nearly 10 acres.
Read more about the sale and future plans in the Sept. 15 issue.
