Fresno’s retail real estate market has a new ripple. Known as Shaw West Center, the shopping complex along West Shaw Avenue has sold for $11 million. 

Matthews Real Estate Investment Services closed the deal, with senior associate Nabil Awada handling all details.

The buyer, according to a news release, is a Matthews private client, who was looking to execute a 1031 Exchange out of a multifamily property in Los Angeles with the goal of acquiring a shopping center with more stable retail tenants.

As interest rates begin to rise after years of dormancy (but with recent inflationary pressures driving some things), Nabil navigated such challenges, executing an efficient closing, while keeping all parties’ best interests top-of-mind.