Manhattan Beach Property Bought for $70 Million

TCW Realty Advisors has acquired Manhattan Village in Manhattan Beach for $70 million from Haagen Development/Chevron Land which developed the 41-acre complex at Rosecrans Avenue and Sepulveda Boulevard.

The project includes a regional mall anchored by Bullock’s and Buffum’s and a neighborhood center anchored by Ralphs and Osco Drugs. Total rentable square footage is about 485,000.

TCW Realty Advisors is a real estate investment manager and has in excess of $1 billion invested on behalf of tax-exempt corporate and public pension funds. It has offices in Los Angeles and Boston.