CULVER CITY, CA-Equity One of North Miami Beach, FL has paid $115 million for Culver Center, a 216,578-square-foot neighborhood center in this city next to West Los Angeles.

The center is a “trophy and an irreplaceable asset,” David Chasin tells GlobeSt.com. He is a principal with Pegasus Investments of Century City, who represented the seller; Equity One represented itself in the transaction. He declined to name the buyer, citing a confidentiality agreement.

Anchored by Ralph’s, Best Buy and Bally Total Fitness, the property is located in a densely populated Westside neighborhood, located directly across the street from Sony Picture Studios. The center is 99% leased.