The grocery-anchored retail center is Crenshaw Imperial Shopping Center, which One Imperial Plaza L.P. acquired for $15.5 million from New York-based The Praedium Group LLC and ScanlanKemperBard Cos. of Portland, Ore., in a transaction brokered by Sam Allison and Dan Riley of CB Richard Ellis.
The mixed-use center is The Crenshaw Imperial Plaza and Office Towers, which a Calabasas-based partnership involved a 1031-exchange bought for $12 million from a Southern California-based partnership in a deal brokered by Gregory Mills of the Encino office of Marcus & Millichap.
Mills tells GlobeSt.com that the two properties are both at the intersection of Crenshaw Boulevard and Imperial Highway, with the retail center on the northwest corner and the mixed-use center on the southeast corner.
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