NAI CAPITAL BROKERS TWO TRANSACTIONS
RESEDA, CALIF. — The Community Redevelopment Agency of the city of Los Angeles has purchased two properties in the business district redevelopment area of Reseda. The assets include a 15,000-square-foot shopping center and 46,000 square feet of land at 18128 Sherman Way. The transaction was valued at $5.52 million. J. Richard Leyner, Cal Menzer and Jesse Paster of NAI Capital’s Encino, Calif., office represented the seller, Sixth and Union LLC, in the transaction. The buyer was represented in-house.