Thousand Oaks mall changes hands

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Grubb & Ellis Co. represented Decron Properties, a Los Angeles-based investor, in the purchase of Park Oaks Shopping Center in Thousand Oaks, Calif. The transaction was valued at $43 million. The 110,074-square-foot center, which is located at 1640-1790 Moorpark Road, was 95 percent leased at the time of sale. Tenants include Vons, McDonald's and Washington Mutual. The property was built in 1961 and renovated in 2001. Investec Real Estate of Santa Barbara sold the asset. Grubb & Ellis Co. is a full-service commercial real estate organization operating worldwide. *** What's your opinion? Send your Letter to the Editor to