The recent sale of the Barnsdall Square strip mall signifies the resilience of brick-and-mortar retail in Los Angeles, with Reliable Properties acquiring full ownership of a vital retail space.
Reliable Properties, now owning the full 92,000-square-foot Barnsdall Square, represents a pivotal venture where grocery and drug stores serve as anchors in daily needs retail centers.
Broker Jeff Atkinson highlighted that the thriving demand for retail assets in Los Feliz reflects a growing interest in quality spaces within urban environments.
As Reliable Properties looks to possibly upgrade the tenant roster at Barnsdall Square, the deal illustrates broader market trends favoring retail investments that support community revitalization.
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