#USA #Fullerton #Shopoff Realty #Sunrise Village

Shopoff Realty Investments Finalizes $58.8 Million Sale of Neighborhood Shopping Center

FULLERTON, California – Shopoff Realty Investments, a notable player in opportunistic and value-add real estate, has announced a significant milestone in its portfolio management with the recent sale of the last remaining parcel of the 14-acre Sunrise Village neighborhood shopping center. This transaction, valued at $58.8 million overall, embodies the firm’s commitment to revitalizing commercial spaces to better serve communities.

The final parcel, a 0.46-acre retail space, was sold for $2.5 million and includes a veterinary clinic and an upcoming fast-casual Korean restaurant. Shopoff Realty Investments originally acquired the aging property for $26.5 million in 2021, envisioning a comprehensive redevelopment plan together with the city of Fullerton.

Transforming Community Spaces

The shopping center, once a deteriorating retail hub, has undergone a transformative journey under Shopoff's stewardship. William A. Shopoff, President and CEO of Shopoff Realty, reflected on the company’s vision, stating, "When we first acquired the property, we saw an opportunity to transform a deteriorating center and create something meaningful for the Fullerton community."

The successful negotiations with city officials allowed for approvals that paved the way for a new mixed-use development. This project was not solely focused on retail but emphasized the need for housing and community services. "Our team worked diligently to transform public and private perspectives into actionable plans, aiming both to enhance the economy and support local residents," Shopoff added, expressing gratitude to the city and community stakeholders for their collaboration in bringing this project to fruition.

Successful Transitions for Existing Tenants

As part of the redevelopment efforts, Shopoff Realty Investments was devoted to ensuring existing tenants could transition to new locations seamlessly. The firm negotiated lease buyouts, transitioned businesses to new spaces, and facilitated relocation packages, thus easing the process for these tenants affected by the redevelopment.

In October 2023, the firm completed the sale of a 9.93-acre section of the site—named The Pines at Fullerton—to Lennar Homes. This segment of the project is set to deliver 113 homes, consisting of a combination of small lot detached homes and townhouses, with construction expected to roll out in 2026. The new residential community represents a significant addition to the housing options available in Fullerton, demonstrating Shopoff's dedication to addressing the region's housing needs.

Evolving Retail Space

The retail portions of the property were not left behind in this redevelopment narrative. The first parcel sale occurred in September 2023, comprising a bustling 1.42-acre corner retail space featuring a drive-thru Del Taco and several adjacent retail establishments. The remaining two retail parcels—spanning 1.11 acres and 1.02 acres—were sold in June 2025, marking the end of a pivotal chapter in the transformation of the Shopping Center.

About Shopoff Realty Investments

Founded over 33 years ago and based in Irvine, California, Shopoff Realty Investments specializes in both opportunistic and value-add real estate ventures across the United States. Their strategy emphasizes proactive asset management to generate appreciable value and meet community needs through innovative redevelopment projects. With a history that includes operating as Asset Recovery Fund and Eastbridge Partners, Shopoff Realty has consistently prioritized the enhancement of urban spaces while navigating market challenges.

For more information about Shopoff Realty Investments and their ongoing developments, visit their website at www.shopoff.com or contact them at (844) 4-SHOPOFF.