Slew of SoCal shopping centers trade hands as investors see promise in retail
Several retail properties in the Los Angeles region have traded hands in a string of deals. Avant Real Estate bought the Shops at Valencia shopping center in Santa Clarita for $27.5 million, L.A. Business First reported. The 120,600-square-foot retail plaza at 23126-23170 Valencia Boulevard was 80 percent occupied at the time of sale. A private Los Angeles-based investor was the seller. SRS Real Estate’s Carlos Lopez, Terrison Quinn and Tony Vuona represented the seller, while CBRE’s Ed Matevosian represented Avant Real Estate. Avant plans to fully renovate and upgrade the retail property under its ownership. “Returns for retail properties have […]This article originally appeared on The Real Deal. Click here to read the full story.
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