Newmark Pacific is pleased to present the opportunity to acquire 47th Street Pavilion, a premier 476,376 square-foot regional shopping center situated on 46.5 acres in the high-growth Los Angeles County market of Palmdale, California.

As the dominant retail destination in the Antelope Valley, the center is anchored by a top-performing Home Depot and the region’s only Super Target (NAP), ensuring a constant flow of consumer traffic. The offering encompasses 303,561 square feet of gross leasable area on 32.4 acres and maintains a strong occupancy rate. With over 86% of the GLA leased to national credit tenants, the asset provides an investor with exceptional stability and a diverse income stream from notable tenants including Home Depot, Ross Dress for Less, dd’s Discounts, PetSmart, Bank of America, Wells Fargo, IHOP, El Pollo Loco, Chipotle, and Starbucks.

The Property has maintained consistent occupancy with the recent addition of notable tenants such as Skechers, Handles Ice Cream, and a notable national QSR chicken restaurant. The successful backfilling of the former Staples box by dd’s Discounts and the addition of a freestanding Chipotle drive-thru demonstrate the center’s continued appeal to market-leading retailers. Investors can capitalize on this momentum by leasing the remaining 6,491 square feet of contiguous vacancy and to enhance overall returns.