Town Center West sold in L.A.

Sperry Van Ness negotiated the recent sale of Town Center West, a four-building, 83,433-square-foot retail property in Signal Hill, Calif.

The value of the transaction was approximately $18.6 million.

Originally built in 2000, the grocery-anchored retail center, which is located at 1600-1898 E. Willow and 2599 Cherry Ave., is situated on 7.6 acres. It was 100 percent leased at closing, with 90 percent of the center occupied by tenants including Food 4 Less, McDonalds, Chevron, Nextel and Starbucks.

Los Angeles-based Samantha Marketplace LLC purchased the property from Manhattan Beach-based Town Center West LLC.

Irvine, Calif.-based Sperry Van Ness is one of the largest commercial real estate investment brokerage firms in the United States with more than 600 advisors in 35 states.

All rights reserved. This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this content without permission is a violation of federal copyright law.