The development is planned to include thousands of affordable and workforce housing units, several hundred thousand square feet of retail and office uses, and medical and institutional uses, with an economic impact in the billions of dollars.
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Pricing expectations exceed $200 million.
The center was 92% occupied at the time of sale.
The property includes a one-story strip shopping center, a two-story office building and two out-parcel buildings totaling 55,000 square feet.
Three tenants have signed on for a combined 20,000 square feet.
This is the first time the property has been offered for sale since it was built in 1974.
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The transaction was brokered by Devlin Marinoff and Tony Arellano of Dwntwn Realty Advisors.
To support its continued growth, Native is actively interviewing senior commercial real estate brokers to meet rising demand from its expanding client base.