Gateway Center in Mission Viejo trades hands for $51M

ORANGE COUNTY, Calif., Jan. 30, 2026 –  JLL Capital Markets announced today that it has arranged the $51 million sale of Gateway Center, a premier retail destination located in the heart of Mission Viejo's affluent master-planned community.

JLL worked on behalf of the seller, DJM Capital. The buyer was Asana Partners.

Gateway Center is strategically positioned at 23972-24042 Alicia Pkwy., well positioned along one of South Orange County's most traveled retail corridors. This prime location offers excellent visibility and accessibility, with over 78,000 vehicles per day exposed to the property through Alicia Parkway and Jeronimo Road traffic counts.

The 79,108-square-foot retail center is 97% leased and features a diversified tenant mix including national credit tenants Chase Bank, Starbucks, San Diego County Credit Union and Pacific Dental Services. The property showcases an internet-resistant tenant base focused on daily-needs services including fitness, health and beauty, food and personal services, with 100% immunity to e-commerce risk.

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

"The sale of Gateway Center is a reflection of the surge in demand for strip centers. The abundance of capital and diversity of that capital is unlike anything we’ve seen during past marketing efforts,” said Lvovich. “Gateway Center offered investors a unique opportunity to acquire a well performing unanchored strip center with scale and NOI growth potential.”

"Both institutional and private capital showcased very strong interest in Gateway center largely driven by its overall performance and well positioned location in South Orange County,” added Tyner.

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.

For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500 company with annual revenue of $23.4 billion and operations in over 80 countries around the world, our more than 113,000 employees bring the power of a global platform combined with local expertise. 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^SM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com. 

DJM Capital Partners is an investor and developer of best-in-class retail and mixed-use real estate assets and a leading provider of private equity investment, development, and asset management services. Since 1992, DJM has completed more than $5 billion in acquisitions, developments, financings, and sale transactions. DJM operates with a fully integrated platform and maintains offices in San Jose and Costa Mesa, California. For more information, visit www.DJMCapital.com.

Asana Partners is a retail real estate investment firm that creates value in vibrant neighborhoods by leveraging vertically integrated capabilities and retail expertise. With more than $7 billion of neighborhood assets under management, the firm is active in growth markets throughout the United States and is driven to make a positive impact within communities. Asana Partners maintains offices in Charlotte, Atlanta, Boston, Columbia, Denver, Los Angeles and New York.