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Thursday, Apr 18, 2024

Woodland Hills Retail Center Sold

A shopping center on Ventura Boulevard was sold to an investor for $19.7 million. Woodland Hills Village, a 70,721-square-foot center located near the intersection of DeSoto Avenue, was on the market for less than 30 days, according to Donald MacLellan, managing director of the investment advisory group at Faris Lee Investments, who represented the buyer and seller along with Lee’s Richard Walter. The center, built in 1971, is fully occupied, mostly with local retail, restaurant and service providers. The seller was SCI Real Estate Investments.

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