ROI Corp. Buys Fallbrook Shopping Center for $210 Million

West Hills, Calif. – The center is 98 percent leased, and 87 percent of the tenants are anchors with an average remaining lease term of 12 years.

West Hills, Calif. – Retail Opportunity Investments Corp. has entered into a binding contract to purchase Fallbrook Shopping Center in the West San Fernando Valley of Los Angeles for $210 million. The center has approximately 1.12 million square feet of gross leasable area. Tenants include Ralph’s, Trader Joe’s and Sprouts, as well as Walmart, Home Depot, Target and Kohl’s. The center is 98 percent leased, and 87 percent of the tenants are anchors with an average remaining lease term of 12 years.

— Scott Reid