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303,367-SF Shopping Center Sells for $34M

LANCASTER, CA-Passco Real Estate Enterprises acquires the Lancaster Commerce Center, a neighborhood retail power center located at the intersection of the Antelope Valley Highway 14 and Avenue K in the City of Lancaster.

By Peter Landau | Updated on March 19, 2002

LANCASTER, CA-Passco Real Estate Enterprises has acquired Lancaster Commerce Center, from Lancaster Commerce Center California Partnership for $34 million, announced William Winn, chief operating officer of the firm.

Lancaster Commerce Center is a 303,367-sf neighborhood retail/power center located at the intersection of the Antelope Valley Highway 14 and Avenue K in the City of Lancaster. Built on 55 acres in the heart of the Antelope Valley, the project is anchored by tenants such as Ross, 24-Hour Fitness, Boot Barn, Big 5, Bank of America and Waldenbooks.

With only two competitive shopping centers in the entire region, Lancaster Commerce Center occupies a strong location for a project of its kind. The center’s mix of major national retail chains and personal services such as banking and fitness facilities make it solid investment choice in keeping with Passco’s acquisition criteria, according to the real estate firm.

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