A well known purchasing heart in Torrance, anchored by a grocery retailer, has bought for a file worth within the South Bay as actual property buyers search for retail properties that don’t should compete immediately with on-line purchasing.
Village Del Amo bought for $108.5 million final month, the best worth paid in 2025 for a retail property within the South Bay, in keeping with actual property knowledge supplier CoStar.
It final modified arms in 2004 for $36.3 million.
The patrons have been Emmanuel “Manny” and Ofelia David, Redondo Seaside buyers and nursing residence operators. The vendor was Costa Mesa actual property developer DJM Capital Group.
The patrons “have been coming to this neighborhood serving retail heart for many years and jumped on the alternative to personal it,” mentioned David Jordon of SSV Properties, which can handle the property. “They view this as a generational funding and are trying ahead within the coming years to enhancing upon the great success that the middle has loved for many years.”
The leap in its worth was attributed partially to buyers’ need to accumulate unglamorous but financially well-performing purchasing facilities.
In larger Los Angeles, flats and industrial buildings which might be briefly provide for tenants “have been the darlings” for large buyers over the previous few years, mentioned actual property dealer Stefan Neumann of NAI Capital Industrial, who helped symbolize the client within the transaction.
Now, institutional buyers comparable to pension funds and funding banks are zeroing in on retail facilities that serve on a regular basis wants and leisure actions, Neumann mentioned.
Neighborhood purchasing facilities which might be usually anchored by grocery shops are “e-commerce proof,” Neumann mentioned, particularly in the event that they embody different providers that folks use in individual comparable to health facilities, eating places and medical-related providers.
Village Del Amo is anchored by Korean grocer Hannam Chain and warehouse spirit vendor BevMo, the state’s greatest liquor chain.
It additionally has a number of eating places together with Benihana, financial institution branches and workplaces for lease.
“Whereas retail has confronted heightened scrutiny from buyers lately, this transaction underscores the power of well-located, grocery-anchored property in prosperous markets,” mentioned actual property dealer David Shaby of NAI Capital Industrial.
Funding gross sales of retail properties within the Los Angeles space totaled greater than $1.6 billion within the third quarter of 2025, in comparison with lower than $637 million within the earlier quarter, actual property brokerage CBRE reported.
South Bay retail properties had a emptiness of 6.9%, in contrast with greater than 9% on the Westside and almost 8.4% in downtown Los Angeles.
“Within the final 10 or 15 years, the demographics of the South Bay have turn into more and more fascinating for not solely residents, however for companies and retail tenants,” Neumann mentioned. “Incomes, not simply within the seashore cities, however all through the South Bay are very robust.”
