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California  + Los Angeles  + Retail  | 

Hanley Closes Two Single-Tenant Sales at Lancaster Shopping Center

Hanley Investment Group Real Estate Advisors completed the sale of a single-tenant Smart & Final Extra! and a single-tenant dd’s Discounts at the Antelope Valley Plaza, a 127,000-square-foot grocery- and drugstore-anchored shopping center in Lancaster. The properties were purchased by two individual private 1031 exchange buyers in separate transactions, with a combined sale price of $11.38 million.

VP Sean Cox, EVP Bill Asher, VP Alexander Moore and EVP Kevin Fryman represented the seller, PacWest Management Inc., in partnership with Evergreen Development Company, for the sale of the single-tenant Smart & Final Extra! property. The team also represented PacWest Management in the sale of dd’s Discounts.

“We generated eight competitive and qualified offers for the single-tenant, 32,200-square-foot Smart & Final-occupied property and procured a Los Angeles-based 1031 exchange buyer seeking a year-end closing,” said. For the dd’s Discounts property, Hanley procured an all-cash Southern California-based 1031 exchange buyer who owned other properties in Lancaster.

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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).

  • ◦Sale/Acquisition
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