Space Investment Partners, a Southern California-based private real estate investment, development, and management company, is focused on acquiring more grocery-anchored retail space in 2026 and has already made an early jump on that goal this week.
Space Investment Partners has purchased Topanga Gateway, a 123,402-square-foot open-air grocery-anchored retail center in Woodland Hills, Calif.
The modern lifestyle center was purchased for $64 million from a private investor in a deal in which Eastdil represented the buyer and seller.
“We have been looking for well-located centers throughout the Southwest,” Space Investment Partners Managing Partner and Co-Founder Mark Moshayedi told GlobeSt.com.
“This center checked the boxes for what we want, especially given the barriers to entry here in Southern California.”
The property is at the high-traffic intersection of Topanga Canyon Boulevard and Ventura Boulevard, within an affluent consumer base. The location has more than 99,000 daily drive-by cars and access to the 101 Freeway.
At 21909 Ventura Blvd, Topanga Gateway was built in 1963 and renovated in 2024. The 97 percent-occupied center’s largest tenants include Petco, Ralphs, and The Container Store.
Earlier this year, Space Investment Partners purchased Fullerton Metrocenter, a 395,703-square-foot dual-grocery-anchored center at 1375 Harbor Blvd. in Fullerton for $118.5 million.
Sonoma County Plaza Sells for $17.7 Million
In other California retail sales this week, SRS Real Estate Partners completed the $17.7 million sale of Mountain Shadows Plaza in Sonoma County.
The 77,651-square-foot multi-tenant retail center is located at 901, 941, 967, and 968 Golf Course Drive in Rohnert Park, a city in Sonoma County located in the North Bay region of the San Francisco Bay Area.
“The buyer recognized Mountain Shadows Plaza as a rare find and a resilient asset,” SRS Capital Markets, senior vice president & principal, John Redfield, told GlobeSt.com.
“The combination of an investment-grade grocery anchor, a complementary tenant mix, and the center’s position within an affluent, high-demand trade area made this property especially compelling.
“With strong foot traffic driven by the Walmart Neighborhood Market and proximity to Sonoma State University, the buyer saw long-term stability and consistent performance, which is the profile retail investors are seeking in today’s market.”
The five-building property sits on 7.45 acres and was 97% occupied at the close of escrow. Its largest tenants are Walmart Neighborhood Market, Starbucks, and Anytime Fitness, among others.
Mountain Shadows Plaza is two miles from Sonoma State University. The property is within an affluent trade area with an average household income of $141,000 within a one-mile radius.
Free-Standing Starbucks Sold in Torrance
CBRE has arranged the sale of a new, freestanding Starbucks in Torrance, California, to Madrona F&F, LLC, for $8.25 million.
CBRE’s Alex Kozakov and Patrick Wade represented the seller, CB Arcadia Partners, an affiliate of Calbay Development.
The 2,400‑square‑foot Starbucks sits on 0.92 acres at 23865 Hawthorne Blvd. The property, delivered in 2025, features a drive‑thru layout with a large queuing capacity, accommodating up to 20 vehicles.
There is a full-size café format with indoor and outdoor seating.
The project entailed Calbay's successful redevelopment of a former bank branch site that had gone vacant in 2021.
The property is positioned within the Hawthorne Boulevard Corridor Specific Plan area, a commercial district anchored by medical centers, major retailers, and ongoing multifamily development.
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.