Ventus Group Acquires Development Site In Exposition Park For $17.85M

Expo Park Plaza, a 30,289-square-foot retail center located at 3954 - 3976 S Figueroa St and 3953-3965 Flower Dr, has been sold in a closed transaction. The property, situated in the Exposition Park market, is a development site with potential for further expansion. The sale took place on April 30, 2019, with a selling price of $17,850,000. This equates to a price per square foot of $589.

Summary of transation details

• Property Type: Development Site
• Transaction Amount: $17,850,000
• Market: Exposition Park
• Address: 3954 - 3976 S Figueroa St, 3953-3965 Flower Dr

Ventus Group, represented by Cole Martens and Cory Stehr of Leela North Ventura Brokers, has acquired the property from CAST Real Estate Holdings. The transaction was facilitated by these brokers, who played a crucial role in connecting the buyer and the seller. Expo Park Plaza is part of a 4.4-acre redevelopment site that is planned to include a hotel, apartments, and additional commercial space. This acquisition presents a significant opportunity for Ventus Group to contribute to the development and growth of the Exposition Park area.