Tuesday, June 28, 2016

Shopoff Realty Investments Acquires 22-Acre Property in La Quinta, CA

William Shopoff
La Quinta, CA – Shopoff Realty Investments, a national manager of opportunistic and value-add real estate investments, announced the company has acquired a 22-acre vacant site in La Quinta, Calif., for $7.25 million.

Shopoff Realty Investments intends to entitle the property for a mixed-use development with commercial and residential real estate.

The property is located at the southwest corner of La Quinta Drive and Auto Center Drive, one block from Highway 111, and is also accessible from Adams Street. Nearby developments include the La Quinta Resort & Club, the Rancho La Quinta Golf Club and Lake La Quinta, as well as numerous restaurants and shopping venues.

“This is an excellent asset in a prime location in Coachella Valley, approximately 25 miles from Palm Springs, and surrounded by high quality developments,” said Shopoff Realty Investments Chief Executive Officer William Shopoff.

“Our team will employ our specialized expertise to transform this vacant lot into a more valuable property that will greatly enhance the local community,” added Shopoff Realty Investments Executive Vice President Land Division John Santry.

For a complete copy of the company’s news release, please contact:

Jill Swartz
Spotlight Marketing Communications
949.427.5172, ext. 701

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