Asana Partners Acquires Retail Asset From Runyon Group In Santa Barbara For $56M

The property asset involved in the transaction is a retail space located at 1801 East Cabrillo Boulevard in Santa Barbara, featuring a sale price of $56,000,000. This retail space encompasses 36,855 square feet, equating to a price per square foot of $1,519.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $56,000,000
• Square Footage: 36,855
• Price per Square Foot: $1,519
• Buyer: Asana Partners
• Seller: Runyon Group
• Brokers: Geoff Tranchina, Gleb Lvovich & Daniel Tyner - JLL
• Date of Transaction: 03/18/2026

The deal involved key representatives from JLL, with Geoff Tranchina, Gleb Lvovich, and Daniel Tyner representing the interests of the buyer and seller in this transaction, facilitating the successful exchange of the retail property.