The 98,004-sf project, known as Hawthorne Plaza, stands at 12620-12770 Hawthorne Blvd. It was acquired by the private Barros Family Trust.

The trust was represented in the transaction by Carlos Diaz and Joseph Miller of CB Richard Ellis' Anaheim office. The seller, California partnership Hawthorne Plaza LLC, was represented by Dean Curci of CapRate Properties.

The overall number of retail-property sales in the South Bay and most other parts of Southern California has dropped sharply this year, brokers say, in part because investors are worried about the steady decline in consumer spending. Overbuilding is a concern, too: Marcus & Millichap Real Estate Investment Brokerage Co. recently reported that about 8.7 million sf of new retail space is expected to be completed in LA County this year, and that work began more recently on another 6.9 million sf.