**Asana Partners Acquires Westport Plaza & Square in Costa Mesa for $25.7 Million**
CBRE has successfully arranged the $25.7 million sale of Westport Plaza & Square, a 39,334-square-foot shopping center located at 369 E. 17th Street in Costa Mesa. The transaction was facilitated by CBRE’s National Retail Partners–West team, which included Jimmy Slusher, Megan Lanni, and Shaya Northrup. The team represented both the seller, Newport Beach-based Space Investment Partners, and the buyer, Asana Partners.
“Westport Plaza & Square enjoys one of the premier retail locations in Orange County,” said Megan Lanni of CBRE. “Surrounded by a vibrant mix of national and specialty grocers, upscale dining, stylish boutiques, and affluent demographics, the property location serves as its anchor and provides a competitive edge.”
Originally built in 1975, the shopping center underwent renovations in both 2002 and 2018. It sits on 13.73 acres of leased land and features over 535 feet of frontage along East 17th Street. The property is held under a long-term ground lease scheduled to run through 2079, with more than 54 years remaining, including extension options.
