SAN FERNANDO, CA-An increase in investor activity has prompted two shopping centers in Valencia and Moorpark to be put up for sale, a positive sign for the retail realty market.
The price for the 74,415 square-foot Tesoro Village in Valencia is $31.5 million, while the price for the 336,055 square-foot Moorpark Marketplace is $43 million. Hanley Investment Group, a realty brokerage firm in Irvine, is handling the sale of the centers. However, the sellers have not yet selected buyers. For the full story, go to San Fernando Valley Business Journal.
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