LOS ANGELES—An unnamed New York-based investor has acquired Seasons Place, a 78,956-square-foot shopping center, for $43 million from an undisclosed seller. Located at 18558 E. Gale Ave. in the City of Industry, the property is nearly fully occupied at the time of the sale. It traded hands at a cap rate of 5.15%.

“The Buyer wanted great visibility as well as ownership in San Gabriel Valley and an Asian-infused market,” Geri Delrosario, an associate at Sperry Commercial who represented the buyer in the transaction, tells GlobeSt.com, adding that the buyer will continue daily operations and has no renovations planned. Delrosario represented the buyer along with Sperry SVP Jim Resha, CCIM.

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