Ryan Gallagher & Mark Moshayedi Acquire Retail Property In Woodland Hills For $64M With PGIM Loan
California
See Similar DealsRyan Gallagher & Mark Moshayedi Acquire Retail Property In Woodland Hills For $64M With PGIM Loan
21909 Ventura Boulevard
See Similar DealsSummary
The retail asset sold is located at 21909 Ventura Boulevard in Woodland Hills, comprising 123,402 square feet. The transaction was completed for $64,000,000, which equates to a price per square foot of $519. The property is anchored by Ralphs and is 97% leased, recently undergoing renovations.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $64,000,000
- Buyer: Ryan Gallagher & Mark Moshayedi - Space Investment Partners
- Seller: Anderson Real Estate
- Broker: Eastdil Secured
- Lender: PGIM Real Estate Finance
- Loan Amount: $42.9M
Ryan Gallagher and Mark Moshayedi, representing Space Investment Partners, are noted for their aggressive strategy in grocery-anchored acquisitions, planning to target up to $1 billion in such deals for the upcoming year. Eastdil Secured facilitated the transaction, while PGIM Real Estate Finance was responsible for providing a significant loan for the purchase.
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