A Chinese real estate investor has bought Amerige Heights Town Center, a 163,514-square-foot retail 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, located at 1895-1897 West Malvern Avenue.
The deal is 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 that is dual anchored with a Target and Albertsons, which were not 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.
