Shopping center at Zephyr Cove acquired

The Round Hill Square Shopping Center at Zephyr Cove has been acquired by a New York investment firm.

Retail Opportunity Investments Corp. of Purchase, N.Y., said last week it acquired the 117,000-square-foot center through a sale in lieu of foreclosure.

The investments firm had acquired a mortgage note on the shopping center property in August, paying $22 million.

The center anchored by a Safeway store is currently 73 percent leased.