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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