Palmdale Center Changes Hands Thanks to REZA Investment Group
REZA Investment Group Inc. is pleased to announce the sale of Palmdale Center. Located in the rapidly growing Los Angeles submarket of Palmdale, CA, Palmdale Shopping Center, LLC recently purchased the property for $10,840,000. Palmdale Center is an 81,050 square foot neighborhood shopping center anchored by Smart & Final, Big Lots, and Dollar Tree.
Reza Etedali, CEO and Founder of REZA Investment Group Inc. commented, "The property generated significant interest from the investment community, generating multiple offers during the marketing process." Ramez Barsoum, Managing Director of the firm also commented, "The buyer will benefit from a well-located asset at an attractive cost per square foot in one of the main retail corridors in the city of Palmdale."