Hanley Investment Group Arranges $3.9M Sale of Shop Building at Antelope Valley Plaza [Los Angeles Times (CA)]
Lockheed Martin Corporation (LMT)
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Source: Los Angeles Times
sales, announced that the firm has arranged the sale of a multi-tenant shop building adjacent to Smart & Final Extra! at Antelope Valley Plaza in Lancaster. The sale price was $3.9 million. This is the third property that Hanley Investment Group has sold at Antelope Valley Plaza, a 127,000-square-foot neighborhood grocery-and-drug-anchored shopping center. Hanley Investment Group's vice presidents, Ayda Kach and Sean Cox , represented the seller, PacWest Management Inc. , a privately held retail real estate investment firm and developer based in Los Angeles. The buyer, a private investor from Orange County, was represented by Samer Khalil of Newmark in Irvine. “We procured multiple qualified offers and closed escrow with a non-1031 exchange buyer who had experience in the High Desert market,” said Kach. “We executed our third property sale at Antelope Valley Plaza as part of a break-up strategy to maximize value for the seller and achieved a record price per square foot in the Ant
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