Real-estate investment trust Equity One has bought Culver Center, a southern California shopping mall, for $115 million, The Wall Street Journal reports. The center is 99 percent rented out and has Ralph’s, Best Buy and Bally Total Fitness as anchor stores.

The property is located in a thickly populated area of Los Angeles County. Equity One specializes in the acquisition, asset management, development and redevelopment of quality retail properties located in strategic metropolitan areas across the U.S. These centers are usually anchored by leading supermarkets, pharmacies and retail store chains.

Click here for the story from The Wall Street Journal.