South Orange County grocery-anchored center trades for first time in 57 years

ORANGE COUNTY, Calif., July 9, 2026 –  JLL Capital Markets announced today that it has facilitated the $20.5 million sale of Crown Valley Mall, a 62,627-square-foot grocery-anchored shopping center in Laguna Niguel, California.

JLL represented the seller, a private family that had owned the property since it was originally built in 1969. JLL also sourced an all cash institutional investor, Asana Partners.

Crown Valley Center, located at 30252 Crown Valley Pkwy., is anchored by Smart & Final and features tenants including Baja Fish Tacos, Dominos, Avis and local shops. The property is situated in the heart of South Orange County surrounded by affluent demographics, multimillion dollar residences and coastal amenities. The property offered unique upside potential for a grocery anchored neighborhood center with extremely high barriers to entry.

JLL Capital Market’s Sales and Advisory team representing the seller was led by Managing Director Daniel Tyner and Senior Managing Directors Gleb Lvovich and Geoff Tranchina.

”Grocery-anchored centers in south Orange County held by the same family for nearly six decades rarely come available, and we are proud to represent the seller on this transaction,” said Tyner. “We look forward to seeing Crown Valley Center continue to thrive under Asana Partners' ownership."

"This required creative structuring to bridge the interests of a long-term family owner and an institutional buyer,” added Lvovich. “The asset's compelling fundamentals: prime South Orange County location, with significant rental upside, made it worth navigating the complexities. Our team's ability to structure a solution that addressed both parties' concerns was key to getting this deal across the finish line.”

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. JLL Capital Markets has more than 3,000 specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources, please visit JLL’s newsroom.

Jones Lang LaSalle Americas, Inc. ("JLL") is a real estate broker licensed with the California Department of Real Estate, license #01223413.

JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 113,000 as of March 31, 2026. For over 200 years, clients have trusted JLL, a Fortune 500® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.

Asana Partners is a retail real estate investment firm that creates value in vibrant neighborhoods through vertically integrated capabilities and retail expertise. With more than $8 billion of neighborhood assets under management, the firm is active in growth markets throughout the United States. Asana Partners maintains offices in Charlotte, Atlanta, Boston, Columbia, Denver, Los Angeles and New York.