HFF Arranges $51 Million Sale of Mountaingate Plaza in Southern California

Mountaingate Plaza in Simi Valley, California, is home to Valley Marketplace, Smash Burger, Rite Aid and Starbucks Coffee, among others. Mountaingate Plaza in Simi Valley, California, is home to Valley Marketplace, Smash Burger, Rite Aid and Starbucks Coffee, among others.

Simi Valley, Calif. — HFF has arranged the sale of Mountaingate Plaza, a shopping center located in Southern California’s Simi Valley.

A joint venture between Investcorp International Realty and ScanlanKemperBard sold the property to Merlone Geier Partners for $51.1 million. The property includes eight buildings and outparcel pads. Tenants at the center include Valley Marketplace, Rite Aid, 99 Cents Only, dd’s Discounts, Black Bear Diner, Smash Burger, El Pollo Loco, Jersey Mike’s Subs, Starbucks Coffee, U.S. Armed Forces and Ventura County Health Care Agency. Gleb Lvovich, Bryan Ley and Daniel Tyner of HFF represented the seller in the transaction.

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