Space Investment Partners has acquired the 39,000-square-foot Westport Plaza & Square in Costa Mesa for $18.9 million. Space acquired the property for its strong cash flow. Tenants include Etoile on 17th fashion, fitness, and dance; Plums Café and Catering; Common Thread clothing store, and Shunka Sushi, among others.

The property was built in 1975 and renovated in 2002 and again in 2018. It has been 100% leased for the last decade.

CBRE's National Retail Partners-West retail experts Philip Voorhees, Jimmy Slusher and Sean Heitzler represented the seller, Wohl Investment Company, a Newport Beach-based private real estate management firm.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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