The buyer is Pan Pacific Retail Properties. Its new acquisition is Brookhurst Center, a 181,000-sf retail complex on Brookhurst Avenue.
The retail center is just a few blocks from Disneyland and the theme park's sister attraction, California Adventure. Both the buyer and the seller, Southland-based partnership Brookhurst LLC, were represented by Grubb & Ellis broker Dixie Walker.
Disney Corp., the Burbank-based entertainment conglomerate that operates both Disneyland and California Adventure, says ticket sales have recently jumped at the two theme parks. That's good news for property owners in the area, who depend on Disneyland to generate more traffic for their projects.
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