Space Investment Partners purchased the 123,402-sq-ft Topanga Gateway retail center in Woodland Hills for $64M, a deal that underscores resilience in the grocery-anchored retail sector. Located at a major intersection with high daily traffic counts and 97% leased at closing, this asset drew attention from institutional and private capital. Prudential provided a $42.9M acquisition loan, and Eastdil Secured brokered the deal. The buyer plans to continue building a core retail portfolio across the Southwest, signaling confidence in well-positioned retail assets that deliver stable cash flow and long-term occupancy. See full article here.
