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Palmdale Retail Center Sells for $7.7 Mil

PALMDALE, CA-Private group acquires 96,352-sf complex, the latest sign that the North County market is on its way back.

By David W. Myers | Updated on January 30, 2001

PALMDALE, CA-A private investment group has paid $7.7 million for a shopping center in Palmdale, the latest sign that the once-troubled North County market is on its way back.

The center, Palmdale Promenade, stands at 340 W. Ave. P. It was acquired by privately held MG Development Associates.

The seller of the 96,352-sf retail development is K/B Retail Properties. Both parties in the transaction were represented by brokers Gregory Brown, Edward Hanley and Mark Lucescu.

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