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CANOGA PARK, CA-A private individual bought the 23,0000-sf Vanowen Plaza, a combination office and retail center at 22015 Vanowen St. in Canoga Park, from the Howard C. Smith Testamentary Trust for $1.7 million.

Sylvia MacAller of Told Partners Inc., who represented the seller along with George MacAller of Told, tells GlobeSt.com that the property is half office and half retail space, with the retail on the bottom floor the office space on the second floor of the two-story, concrete tilt-up center.

MacAller says the new owner plans extensive renovations to the plaza, which is across the street from Topanga Plaza, a regional center anchored by department stores. Vanowen Plaza was built in the 1970s and was 98% occupied at the time of the sale.

“I think there is considerable upside to this property with the renovations,” she tells GlobeSt.com.

The buyer was represented by Jeff Albee, Dan Wakamoto, Dan Powers and Tom McBride of Told Partners.

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