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Palmdale, Calif. — Faris Lee Investments has arranged the sale of a newly constructed, single-tenant retail building located in the Southern California community of Palmdale.
HFC/PRP Palmdale sold the property to Valuerock Investments Partners for $10.5 million. Built in 2017, the 54,942-square-foot building is fully leased to Hobby Lobby and is located within the Destination 0-Eight Power Center. Jeff Conover and Christopher DePierro of Faris Lee Investments represented the seller and buyer in the deal.