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Expo Park Plaza Sells for $18M

Expo Park Plaza, a retail center in Exposition Park, has sold for $17.85 million, Lee & Associates announced May 20.

Lee & Associates’ Cole Martens and Cory Stehr represented the buyer, Irvine-based Ventus Group. CAST Real Estate Holdings, the seller, was self-represented.

Expo Park Plaza is a roughly 30,000-square-foot retail center in Exposition Park. It will be part of a 4.4-acre redevelopment of the area.

“The buyer plans to remodel the center to reflect the revitalization that is occurring in the community,” Martens said in a statement.

The center, at 3900 S Figueroa St., is fully leased.

Commercial real estate reporter Hannah Madans can be reached at hmadans@labusinessjournal.com. Follow her on Twitter @HannahMadans

Hannah Madans Welk
Hannah Madans Welk
Hannah Madans covers real estate for the Los Angeles Business Journal. A USC grad, Madans has done work with publications including The Orange County Register, The Real Deal and doityourself.com.
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