Woodland Hills Shopping Center Sails
September 12, 2013

PCG Woodland Hills Topanga LLC, an affiliate of Paragon Commercial Group, has acquired the Woodland Hills shopping center in the San Fernando Valley for an undisclosed sum in an off-market sale. The 112,649-square-foot shopping center is 100% leased by retail clients, including major anchor brands Toys R’ Us, Office Depot and Off Broadway Shoes...

The property is in a prime location, directly across the street from the two Warner Center malls, owned by Westfield, and will be across from Westfield’s large one-million-square-foot retail complex, Westfield Topanga, currently in development. “The buyer viewed this transaction as an opportunity to purchase a well-positioned community center—and one with significant long-term upside—in a core Los Angeles submarket,” says Bill Bauman the EVP and corporate managing director of Studley’s National Retail Services Group, who represented Paragon Commercial Group and the seller, Woodland Hills Retail LLC, in the transaction.

Woodland Hills Shopping Center Sails

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