Lee and Associates Closes on Portion of Palmdale Marketplace

PALMDALE, CA—Senior associate Jim Slaught of Lee & Associates, Santa Barbara has closed the sale of 215,202 square feet of Palmdale Marketplace, a 500,000-square-foot power center at 39176-39340 10th St., West. The transaction price was not disclosed.

“This asset is well located in Palmdale’s major retail corridor and benefits from the traffic generated by the regional mall nearby,” said Slaught, who represented the private buyer that considered the property a solid investment at a high yield with upside. “The tenant mix creates a convenient, major retail hub for the growing number of local residents.”