LOS ANGELES-An unnamed family trust has purchased Gallatin Plaza project, a shopping center that measures 64,265 square feet, located at 9200 Lakewood Blvd. in Downey from an entity of a San Juan Capistrano-based real estate investor, Gallatin Plaza LP, for $11 million.
The purchase deal was concluded on August 20 and the project is currently 20% vacant. Pacific Commercial Investments's Jon Felznick represented the seller and Stevenson Real Estate Services' Dave Maron represented the buyer in the transaction. For the full story, go to Los Angeles Business Journal.
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