Faris Lee Investments in Irvine has closed escrow on the $56.6 million sale of a shopping center in Rancho Santa Margarita. The center, Plaza El Paseo at Rancho Santa Margarita Town Center, spans roughly 107,000 square feet. Built in 2002 and situated on 10.56 acres at the corner of El Paseo and Alma Aldea, the complex is anchored by Bed, Bath & Beyond, BevMo, and Wood Ranch BBQ. Rick Chichester, Nicholas Coo, and Chris DePierro of Faris Lee represented both the seller, K&G El Paseo 1 & 2 and the buyer Plaza El Paseo Center.

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