LOS ANGELES — Decron Properties Corp., a private, family-owned and operated real estate company based in Los Angeles, has sold a three-property portfolio comprised of neighborhood shopping centers located in Southern California markets. The gross sales price was $108.5 million.
The portfolio consisted of grocery- and drugstore-anchored assets totaling 370,453 square feet. Properties included Mission Foothill Plaza located at 28721-28841 Los Alisos Blvd. in Mission Viejo; Park Oaks, located at 1640-1970 N. Moorpark Road in Thousand Oaks; and Ontario Plaza, located at 920-1070 N. Mountain Ave. in Ontario.
Bill Bauman, executive vice president, and Kyle Miller, corporate managing director, of Savills Studley represented the seller in..