1031 Deadline Means Fast Closing on Lynwood Retail Center

Hanley Investment Group Real Estate Advisors represented the buyer in the acquisition of a Walgreens‑anchored, 39,146‑square‑foot center located at 10901–10927 Atlantic Ave. and 4351 E. Imperial Hwy. in Lynwood. The purchase price was $15 million.

VP Ayda Kach represented the all-cash buyer, a longtime client and a privately held retail real estate investment firm and developer based in Los Angeles. The seller, The Bilak Companies of Beverly Hills, was represented by Newmark Retail Capital Markets, including Glenn Rudy, Rob Ippolito, and Pete Bethea.

“Atlantic Crossing required a fast and disciplined effort to meet our client’s 1031 deadline, and we were able to complete the acquisition in 20 days,” said Kach. “Our team guided the buyer through a detailed due diligence process and kept the transaction moving efficiently from LOI through closing. The collaboration between all parties allowed us to deliver a smooth all‑cash closing on a strong, necessity‑based retail asset.”

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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