A California real estate investment group has bought the Manito Shopping Center for $13 million, says Dave Black, a principal in Spokane-based Black Realty Management Inc., which manages the property.

Manito Shopping Center, located at 802 E. 29th, near the southeast corner of Grand Boulevard and 29th Avenue, has 127,000 square feet of retail space and is anchored by a Super 1 Foods supermarket, a Ross Dress for Less apparel store, and a Rite Aid drug store. Other tenants include a Go Froyo frozen-yogurt outlet, Manito Tap House restaurant, and a Verizon wireless communications retail store.

Black says the new ownership group for the Manito Shopping Center is Manito Center LLC, which is controlled by Jonathan Cheng, the San Diego-based president of Tourmaline Capital, a commercial real estate investment and management concern.

Paul Sleeth and Billy Sleeth, of Seattle-based Colliers International, brokered the real estate transaction. The Sleeths have ties to Spokane, Black says, adding, “Paul Sleeth is a friend of mine.”

The seller was Manito Shopping Center Associates LLC, a group made up of the Walther family, of Spokane, and an East Coast-based real estate investment group, Black says.

Black Realty Management will continue to manage the property, he says.

Black’s father, James S. Black Sr., developed the shopping center for the Walther family in the 1960s, and Black companies have managed it since then.

Much of the center has undergone a facelift in recent years.

The former owners invested $1.2 million in a remodel project at the Ross Dress for Less store site in a project completed in 2011. The following year, Super 1 Foods performed a $1 million remodel of its store.

The Manito Shopping Center is 88 percent occupied. A 12,000-square-foot space next to Ross Dress for Less and a 3,200-square-foot lower-level space that faces Grand Boulevard are vacant.

Black says potential tenants are showing active interest in both locations.