IRA Capital Acquires Poinsettia Plaza in Ventura for $50 Million

Ventura, Calif. -- IRA Capital Advisors has acquired Poinsettia Plaza, a 153,200-square-foot shopping center located in Ventura, for $50 million. The center was 84 percent leased at the time of sale to tenants including Ross Dress for Less, Office Depot, Lamps Plus, FedEx Office, Petco, Starbucks Coffee, Sally Beauty Supply, The Coffee Bean, Sherwin Williams and The Avenue. Dixie Walker and Charley Simpson of Cushman & Wakefield represented the seller, Poinsettia Plaza LLC, in the transaction. The buyer was self-represented.