Ryan Gallagher & Mark Moshayedi Acquire Retail Property In Woodland Hills For $64M With PGIM Loan

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.