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REEDLEY, CALIF. — Nashashibi Family Trust has acquired Reedley Place Shopping Center, which is located at 1721-1761 E. Manning in Reedley. The two-building, 22,222-square-foot center sold for $7.72 million. The center is anchored by a Rite-Aid and the Educational Employees Credit Union. Baycal Realty represented the buyer; Reg Kobzi, Sam Aliso and Dan Riley of CB Richard Ellis represented the seller, Sterling Development Corp., in the transaction.