Space Investment Partners is continuing its retail center acquisition streak across Southern California. The Corona del Mar-based real estate investment firm bought the 123,402-square-foot Topanga Gateway mall in Woodland Hills for $64 million, Commercial Property Executive reported. Family trust Anderson Holdings sold the asset at 21909 Ventura Boulevard after buying it 22 years ago for an unknown price. Prudential Financial issued a $42.9 million acquisition loan to Space Investment for the purchase, and Eastdil Secured brokered the transaction on behalf of both parties. Topanga Gateway’s location, high occupancy rate and tenant sales performance at the shopping center were factors in […]
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