Steve Plenge And Michael Simanovsky Acquire 884,000 Square Foot Pacific View Mall In Ventura

The transaction involved the acquisition of the Pacific View Mall, a retail asset located at 3301-1 East Main Street in Ventura, CA. The property encompasses 884,000 square feet and houses over 130 tenants, with major anchors including Target, Macy’s, and JCPenney. The mall, built in 1964, is a regional shopping destination with significant leasing and operational management in place.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: Not disclosed
• Address: 3301-1 East Main Street
• Market: Ventura, CA
• Square Footage: 884,000
• Buyer: Steve Plenge - Pacific Retail Capital Partners; Michael Simanovsky - Conversant Capital Partners
• Leasing and Operations: Assumed by Pacific Retail Capital Partners

Steve Plenge represents Pacific Retail Capital Partners, while Michael Simanovsky represents Conversant Capital Partners in this acquisition. The partnership plans to focus on future repositioning and investment opportunities for the mall following the deal.