Two retail centers in the Los Angeles area were sold by separate Orange County-based firms. In Orange County, San Jose-based DJM Capital Group sold Gateway Center in Mission Viejo to an unnamed institutional investor in a $51 million all-cash deal. The property at 24000 Alicia Parkway spans 79,001 square feet on a 7.4-acre site, Shopping Center Business reported. DJM purchased Gateway Center from Gerrity Group in December 2021 for $39.5 million. After taking ownership, DJM lined up leases with new restaurant and boutique fitness companies, refreshed the landscaping and paint and instituted a weekly community farmers market. The campus was […]
This article originally appeared on The Real Deal. Click here to read the full story.
Powered by WPeMatico