Northmarq’s Investment Sales team Completes Sale of Village Del Amo Retail Community Center in Torrance, CA

TORRANCE, Calif. — Northmarq’s Los Angeles Commercial Investment Sales team led by Bryan Ley and Tim Kuruzar, in collaboration with Jeff Sause and Tess Berghoff from JLL, successfully completed the $108.25 million sale of Village Del Amo, a 166,365-sq.-ft. multi-tenant community center located at 21221 Hawthorne Blvd. in Torrance, California.

Ley and Kuruzar, members of Northmarq’s National Shopping Center Group, represented the seller, entities tied to DJM Capital Partners and Arc Capital Partners. The buyer was a private 1031 exchange buyer, represented by NAI Capital’s David Shaby III and Stefan Neumann. SSV Properties provides asset and property management to the buyer on numerous properties and oversaw the acquisition on behalf of the buyer.

"The Village Del Amo transaction further demonstrates the tremendous demand for coastal grocery-anchored shopping centers from private, regional and institutional capital, and the ultimate momentum of private capital buying irreplaceable real estate,” Ley said.

“The buyers have been coming to this neighborhood serving retail center for decades and jumped at the opportunity to own it,” said David Jordon, President/CEO of SSV Properties. “They view this as a generational investment and are looking forward in the coming years to improving upon the tremendous success the center has enjoyed over those many decades.”

Built in 1980, recapitalized in 2022, Village Del Amo sits on 15.9 acres and is located along the primary retail corridor in Torrance at the southwest corner of Hawthorn Blvd. and Torrance Blvd. — delivering roughly 99,000 vehicles passing by per day. It is within close proximity of Interstate 405 and is a retail centerpiece for South Bay residents.

The property includes 11 separate parcels with anchor tenants including Hannam Supermarket, BevMo!, Starbucks, Wells Fargo, Tender Greens and CycleBar. In total, it is home to approximately 46 local and regional banks, restaurants, coffee shops, salons and more.