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Reliable Properties Purchases Retail, Industrial Buildings in Central Los Angeles

Investor Sells Nearly 137,000 Square Feet for Almost $44.8 Million

The shopping center was built in 1998 on 5.1 acres in the downtown Los Angeles retail market. (CoStar)
The shopping center was built in 1998 on 5.1 acres in the downtown Los Angeles retail market. (CoStar)

Reliable Properties, a local real estate acquisition and management firm, acquired Washington Plaza in Los Angeles, California, for $44.75 million from Eagle's Nest Property.

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