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California  + Retail  | 

Lancaster Sale Continues Break-Up Strategy for Shopping Center

Hanley Investment Group Real Estate Advisors 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.

VPs 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.

“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 Antelope Valley in the past 12 months, bringing total sales at the center to $15.28 million.”

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Hanley's Kach

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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