FULLERTON, Calif., Sept. 4, 2025 /PRNewswire/ — Shopoff Realty Investments (“Shopoff”), a national manager of opportunistic and value-add real estate investments, recently announced the $2.5 million sale of a 0.46-acre retail parcel, the final remaining parcel of the 14-acre Sunrise Village neighborhood shopping center in Fullerton, California, totaling $58.8 million in dispositions for the firm. The recently sold building currently houses a veterinary clinic, and the remaining space is slated to become a fast-casual Korean restaurant, contributing to the growing variety of dining options in the area.
Shopoff acquired the aging neighborhood retail center for $26.5 million in 2021 and began collaborating with the city of Fullerton to identify the highest and best use for the property. The firm was able to secure approvals for a redevelopment plan that envisioned a mixed-use center with much-needed housing and service-oriented retail for the site.
“When we first acquired the property, we saw an opportunity to transform a deteriorating center and create something meaningful for the Fullerton community,” explained Shopoff President and CEO William A. Shopoff. “Our team immediately got to work securing approvals to develop a mixed-use community, with a more appropriate amount of retail space, as well as for-sale housing, benefitting not only the city’s economy, but future and existing residents alike. We’re grateful to the city of Fullerton, the local community, and the tenants and business owners for their collaboration, and look forward to seeing Lennar’s completed housing project in the coming years.”
Once the project was unanimously approved by the city of Fullerton, Shopoff worked diligently with existing tenants to support their transition to new locations, negotiating lease buyouts and relocation packages to ease the process and make way for redevelopment. The 9.93-acre residential development portion of the site, The Pines at Fullerton, was sold to Lennar Homes in October 2023 and aims to deliver 113 homes, comprised of 49 small lot detached homes and 64 townhouses. Lennar has already begun construction on the site, with the first set of homes to be delivered in 2026.
The remaining retail parcels were sold to individual owners, with the first parcel sale in September 2023, consisting of the 1.42-acre corner retail space, which included a drive-thru Del Taco and three adjacent retail pads. This corner retail parcel features service-oriented tenants and will remain intact. The remaining two retail parcels, measuring 1.11 and 1.02 acres, were sold in June 2025.
About Shopoff Realty InvestmentsShopoff Realty Investments is an Irvine, California-based real estate firm with a 33-year history of value-add and opportunistic investing across the United States. The company primarily focuses on proactively generating appreciation through the repositioning of commercial income-producing properties, the entitlement of land assets, and development projects. The 33-year history includes operating as Asset Recovery Fund, Eastbridge Partners, and Shopoff Realty Investments (formerly known as The Shopoff Group). Performance has varied in this time frame, with certain offerings generating losses. For additional information, please visit www.shopoff.com or call (844) 4-SHOPOFF.
DisclosuresThis is not an offering to buy or sell any securities. Such an offer may only be made through the offering memorandum to qualified purchasers. Any investment in Shopoff Realty Investments programs involves substantial risks and is suitable only for investors who have no need for liquidity and who can bear the loss of their entire investment. There is no assurance that any strategy will succeed to meet its investment objectives. The performance of this asset is not indicative of future results of other assets. Securities are offered through Shopoff Securities, Inc. member FINRA/SIPC, 18565 Jamboree Road, Suite 200, Irvine, CA 92612.
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SOURCE Shopoff Realty Investments
