By Kevin Smith
Decron Properties has sold its El Monte Shopping and Automotive Center, a 473,347-square-foot auto and retail center located in the city of El Monte.
The buyer was Merlone Geier Partners, who purchased the center for $84.5 million.
The sale of the center is unique in that it combines a traditional promotional shopping center with Longo Lexus, the highest volume Lexus dealership in the Western United States.
