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Huntington Beach, Calif. — HFF has arranged the $21.4 million sale of Warner West, a 73,427-square-foot shopping center in the Southern California community of Huntington Beach.
Gleb Lvovich and Daniel Tyner of HFF arranged the transaction on behalf of the buyer, Merlone Geier Partners. A private family trust that has owned the asset for more than 45 years sold the property. Warner West is home to Big Lots, in-line shops and a restaurant pad building. The property was 78 percent leased at the time of sale with short-term anchor and shop leases, allowing for near term redevelopment of the center.