Palmdale Retail Site Sells for $10.2 Million

Valuerock Investments Partners LLC has purchased a 54,942-square-foot retail property in Palmdale from HFC/PRP Palmdale LLC for nearly $10.2 million, or about $185 per square foot. Faris Lee Investments’ Jeff Conover and Christopher DePierro represented both the buyer and the seller. The single-story retail property at 40022 10th St. W., established in 2017, is currently occupied by national retailer Hobby Lobby, which has signed a lease through 2032. The greater retail site is anchored by Wal-Mart and Sam’s Club.