Pegasus Investments on Tuesday announced that Culver Center has been sold to a Florida real estate investment trust for $115 million in one of the largest deals of its type so far this year.

Industry tracker CoStar Group Inc. identified the seller at Continental Development Corp. of El Segundo. Pegasus said the buyer was Equity One, which is based in North Miami Beach, Fla. and specializes in developing and redeveloping neighborhood and community shopping centers. Its portfolio consists of 179 properties around the country, including 166 shopping centers.

Culver Center is a 216,578-square-foot shopping center at Venice Boulevard and Overland Avenue in Culver City that is anchored by a Best Buy, Ralph’s and Bally Total Fitness.

Pegasus, based in Century City, said the deal is the largest off-market single-asset retail transaction so far this year in California. Executive Vice President David Chasin, lead adviser on the deal, said the transaction was unusual because most properties of this size rarely trade without a national marketing campaign.

The team at Pegasus responsible for the transaction also included Associate Aaron Aszkenazy, President Ken Chasin and Director Trevor Carl Nelson.