The transaction involves a retail property consisting of multiple addresses: 24917, 24935, 24945, 24949, 24955, 24965 & 2497 Pico Canyon Road, located in the Stevenson Ranch market. The sale encompasses a total of 18.8 acres with a total square footage of 187,000 and was completed for a price of $57,800,000, resulting in a price per square foot of $309.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $57,800,000
• Square Footage: 187,000
• Address: 24917, 24935, 24945, 24949, 24955, 24965 & 2497 Pico Canyon Road
• Market: Stevenson Ranch
• Buyer: Bradley A. Geier & Peter J. Merlone - Merlone Geier
• Seller: InvenTrust Properties

Merlone Geier has acquired the Stevenson Ranch Plaza, which is an outdoor mall that features notable anchors such as Ralphs and tenants including LA Fitness and PetSmart. InvenTrust Properties previously purchased the mall for $72.5 million in 2016. Future plans for the property remain undisclosed.