Restaurant sale.

As part of the breakup move by South Bay Pavilion owner HREG Genesis Carson, the ground lease for the Chili's eatery at 20760 Avalon Blvd. has also been sold.

The $2.8 million all-cash deal with buyer RPM Investments Inc., a Los Angeles-based real estate investor, closed last month. RPM Investments purchased the ground lease from HREG Genesis Carson on a 1031 tax deferred exchange basis.

The Chili's opened earlier this year after signing a 10-year lease in late 2006. The 7,000-square-foot building sits on a 34,848square-foot piece of property. The ground lease at the property is for 10 years with four five-year options, said Dave Maling of Marcus & Millichap Real Estate Investment Services Inc., who represented RPM Investments.

Maling said that a breakup of such a mall property isn't that rare.

"It is typical that investors will go in and buy a large neighborhood center and then parcel off individual portions and sell off," Maling said.

"The strength of the deal was that there aren't a whole lot of sit-down restaurants in Carson," said MacLellan, who represented the mall owner.

Maling's brother and Chris Maling also represented the buyer. The seller was also represented by Walter.

Staff reporter Daniel Miller can be reached at [e-mail] or [phone], ext. 263.