"With interest rates this low and values increasing," Etedalisays, sellers now often see strategic benefit in paying off theirexisting conduit financing in order to maximize the sale value. TheHawaiian Gardens Town Center, on the southwest corner of CarsonStreet and Norwalk Boulevard, occupies nearly 6 acres and is leasedby a variety of national and regional tenants. The buyer, a privateinvestor, was represented by Tom Gioia of Lee & Associates.

In another retail sale to close recently in L.A. County, Lee& Associates reports that Lee Properties Ltd. bought a12,800-sf center at 6885 and 6901 La Tijera Blvd. in Los Angelesfrom La Tijera-Centinella Co. LLC for $5 million. The seller wasrepresented by Ron Feder of the Lee & Associates-LANorth/Ventura office, with the buyer represented by Shaun Riley ofFaris Lee Investments. The property is a 100% single-tenant triplenet leased investment that is occupied by Chuck E. Cheese.