Westwood Financial acquires Peninsula Marketplace in Huntington Beach

• JLL arranged the sale of Peninsula Marketplace, a 95,416-square-foot grocery-anchored shopping center in Huntington Beach, California.

• The asset was acquired by Westwood Financial in a competitive marketing process.

• The nearly fully leased retail center is anchored by a long-standing Ralphs grocery store and features a complementary mix of fitness, restaurant, service and specialty retail tenants.

ORANGE COUNTY, Calif., Oct. 8, 2026 – JLL Capital Markets announced today the sale of Peninsula Marketplace, a 95,416-square-foot neighborhood retail center situated at 19021-19125 Goldenwest St. in Huntington Beach, California.

JLL represented the seller in the transaction. Westwood Financial purchased the property.

Peninsula Marketplace is a neighborhood shopping center occupying 9.49 acres and was 98.8% occupied at the time of sale. Ralphs serves as the grocery anchor and has maintained operations at the site for more than 25 years. Additional tenants include Planet Fitness, Carl's Jr., Rubio's Coastal Grill and other food service and personal care operators. The center offers 390 parking spaces and benefits from strong customer traffic generated by its grocery and fitness anchors.

Situated at the signalized intersection of Garfield Avenue and Goldenwest Street, Peninsula Marketplace offers exceptional visibility and accessibility in a mature infill location. The property serves residents throughout Huntington Beach and surrounding coastal communities and provides convenient access to major thoroughfares connecting the area with broader Orange County employment and residential centers. Its corner location, established tenancy and limited opportunities for new retail development contribute to its long-term positioning within the market.

Peninsula Marketplace draws customers from an affluent coastal trade area distinguished by strong spending power and established residential neighborhoods. The center's tenant composition emphasizes daily necessities and quick-service dining options that generate consistent visitation patterns throughout the week.

The JLL Capital Markets team was led by Senior Managing Directors Geoff Tranchina and Gleb Lvovich and Managing Director Daniel Tyner.

"Peninsula Marketplace offered a well performing stabilized, grocery-anchored center in one of Orange County's most established coastal communities," said Tranchina. "The property's quarter-century anchor tenure and consistent high occupancy demonstrated its enduring relevance to the greater Huntington Beach community."

"Closing Peninsula Marketplace within nine months of Seacliff Village underscores how much capital is targeting coastal Orange County retail," said Lvovich. "Grocery-anchored centers in Huntington Beach rarely trade, and investors are prioritizing that combination of daily-needs tenancy, affluent demographics and limited new supply. Our familiarity with this submarket and its buyers allows us to match the right capital to each opportunity."

JLL’s Capital Markets group 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. The group has more than 3,000 Capital Markets 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 112,000 as of June 30, 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.

Westwood Financial owns, manages, and operates 120+ high-quality shopping centers in top U.S. metropolitan markets, including Atlanta, Charlotte, Dallas, Denver, Los Angeles, Orlando, Phoenix, and Raleigh. The centers are primarily anchored by top-tier grocers and leading service and experiential-based operators. Established in 1970, Westwood Financial is headquartered in Los Angeles, with regional offices in Atlanta, Dallas, and Phoenix. More information is available at westfin.com.

Westwood Financial acquired the property through a competitive marketing process, marking the firm’s most significant Southern California acquisition in more than a decade. The firm plans to leverage its integrated operating platform and longstanding tenant relationships to support continued performance and drive long-term value.