Mark Moshayedi Of Space Investment Partners Purchases Fullerton Metrocenter From John A. Kite For $118.5M

The retail asset located at 1307-1447 South Harbor Boulevard in Fullerton was sold for $118,500,000. The property encompasses a total square footage of 431,000 and has a price per square foot of $275. This sale marks a significant transaction in the Orange County market for the year 2025.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $118,500,000
• Buyer: Mark Moshayedi - Space Investment Partners
• Seller: John A. Kite - Kite Realty
• Square Footage: 431,000
• Price per Square Foot: $275
• Market: Fullerton

Mark Moshayedi’s Space Investment Partners acquired the Fullerton Metrocenter from Kite Realty, which represents a notable increase from Kite’s 2021 purchase price of $103 million. The shopping center is anchored by Target and Sprouts, with an additional 17,500 square feet available for lease.