The purchase price of the six building, mixed-use center at 3901-3911 Park Drive was not disclosed.
Existing tenants in the complex include the Sienna restaurant, Sky Sushi and Bank of America.
The local commercial real estate company said that it has also signed a lease with Bella Home Décor, an upscale home furnishings store, and has three other leases pending, as well as a potential sale of one of the buildings.
The firm said the original property loan went into default in 2009, and La Borgata has struggled with “vacancy issues” in recent years. The real estate firm said it plans an extensive remodel and upgrades at the site.