Grubb & Ellis Co. negotiated the sale of Ladera Center, a 186,770-square-foot shopping center in Los Angeles.
The value of the transaction was $53 million.
Grand Ladera LLC, a Los Angeles-based investment group, purchased the property from San Francisco-based McFarlane Partners.
The retail center, which is located at 5233-5399 W. Centinela Ave., was 100 percent leased at the time of sale. The center is anchored by Ralphs, Sav-On and Ross Dress For Less. The property was originally constructed in 1965, and then redeveloped in 1985 and 2002.
Grubb & Ellis Co. is a full-service commercial real estate organization operating worldwide.
***
What’s your opinion? Send your Letter to the Editor to opinion@inman.com.
You have {{data.cm.viewsLeft}} articles left this month.
This content is available to Inman Select subscribers.
Please select an option below.
Please register to access this content.
To continue viewing the content you love, please sign in or create a new account
You have used all of your free pageviews.
Please subscribe to access more content.
Access denied!