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PACOIMA, CA-Harvey Capital Corp., a West Los Angeles, Calif.-based investment firm, paid $7.9 million for a 50,000-sf shopping center at 9801 Laurel Canyon Blvd. in Pacoima that is occupied entirely by a Superior Super Warehouse, a Lynnwood, Calif.-based grocery chain that specializes in the growing Hispanic market in Southern California.

The sales price of $158 per sf is “probably the highest price per square foot paid for a center in Pacoima,” says broker George Russell of the Charles Dunn Co. Russell and Dunn’s Tanel Harunzade represented the seller of the center, Beverly Hills, Calif.-based M&A Gabay, a developer and investment firm.

The supermarket has occupied the center since seller M&A developed the property in 2000, Russell tells GlobeSt.com. He says the grocery store has been a highly successful tenant, serving a Pacoima population that is approximately 70% Hispanic. He says M&A developed the center on a build-to-suit basis for Superior, which has about a dozen stores in the Los Angeles area.

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