LUCESCU REALTY negotiated the sale of Lake Pleasant Pavilion Shopping Center in Peoria, Arizona for $41.75 million. LUCESCU REALTY exclusively represented the interests of the seller, Kornwasser Shopping Center Properties, a private development firm, headquartered in Los Angeles, and procured the buyer, Excel Trust in San Diego. This is Excel’s second acquisition in the Valley.

Mark Lucescu, President of LUCESCU REALTY, a market leading investment real estate services firm, announced today the sale of Lake Pleasant Pavilion Shopping Center in the City of Peoria in the Phoenix, Arizona metro area for $41.75 million. LUCESCU REALTY exclusively represented the interests of the seller, Kornwasser Shopping Center Properties, a..

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