WCCP Plaza Palomino LLC, an affiliate of West Coast Capital Partners, has decided to foreclose on the Plaza Palomino retail and office complex. The California investment group has held the delinquent mortgages on the complex since it purchased the plaza’s non-performing $9.9 million note in June for $6.4 million. WCCP is a real estate investment company that specializes in buying non-performing notes and distressed real estate in anticipation of future, significantly higher returns.

Ballard Spahr’s Phoenix office will handle the public auction on December 27 at 1:00 p.m. at the Pima County Courts Building.