Main Events

-A 130,000-square-foot manufacturing building in Palmdale sold in May for $6.4 million to Brainerd, Minn.’s Bang Printing, which has local operations in Valencia. The property, at 600 W. Technology Drive, went for $49.23 a square foot. Steven and Ellie Campbell of Newport Beach were the sellers.

-A retail building in the Lancaster Commerce Center at 1220 Avenue K was sold in May for $19.3 million. The tenant in the 62,216-square-foot space is 24 Hour Fitness, which has a lease through December 2023. The buyer was Spirit Realty Capital of Scottsdale, Ariz., and the seller was Santa Ana’s Red Mountain Asset Funds II.

-A 11,200-square-foot medical office building at 1741 W Avenue J in Lancaster sold last month for $1.6 million, or nearly $150 a square foot. The building is fully leased to Hull Eye Center. The buyer was R. & GS Sampson Living Trust in Whittier; the seller was SN & SB Hull Trust.

-Investor Stephanie Smith paid $1.2 million in April for a Palmdale industrial building at 38905 10th St. East. The 29,204-square-foot building, built in 1982, went for $43 a square foot. The seller was Michaels Land Development in Prescott, Ariz.

-Restaurant chain PizzaRev signed a lease for 1,500 square feet in Palmdale’s Shops at Rancho Vista Gateway at 748 W. Rancho Vista Blvd. The landlord is Rancho Vista Gateway.

-Dr. Austin Ma signed a lease for 1,188 square feet of office space in the Sixteen Street Plaza in Lancaster. The property, at 44404 16th St. West, is across the road from Antelope Valley Hospital and is owned by 44404 Associates.

The office and industrial markets in the Antelope Valley showed signs of life during the second quarter, bolstered by activity in Palmdale including medical office buildings opening and the sale of one of the area’s largest vacant properties...

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