The center, at 1901-1919 S. Sepulveda Blvd., is located in the Westwood submarket. It is anchored by the Sports Authority and includes Westwood Self-Storage as a tenant.
The buyers were represented by David Leit of Cresa Partners in Los Angeles, with the seller represented in-house. Brian Troxler, founder of the Troxler Group Value Fund 6, has partnered on a number of projects with DS Ventures' David Schwartzman throughout California for more than 20 years.
Troxler specializes in providing equity for the acquisition of commercial, industrial, and development projects. Schwartzman, the founder of DS Ventures, specializes in creative acquisition, financing and management strategies. Schwartzman cites the "excellent location, good cash flow and strong growth potential" of the property, which is located in the heart of West Los Angeles.
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