Koreatown Plaza, a 140K SF enclosed mall, has been sold by Los-Angeles-based Korean Shopping Center Inc. to LA-based INI Investment Corp. for $91M.
The $453 per SF price on the retail center, located at Ninth Street and Western Avenue, makes the deal the priciest retail shopping center transaction in LA's Koreatown submarket in the past decade, according to CoStar data.
The plaza was developed by Korean Shopping Center and opened in 1988. The indoor mall is anchored by an H-Mart, an Asian-American grocery chain, and features a food court.
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