Press releases for hanley investment brokerage

Hanley Investment Group Sells Grocery-Anchored Shopping Center in Birmingham, Alabama Suburb (2010-08-28)
SUMMARY: Kevin T. Fryman of Hanley Investment Group represented the seller in the purchase of Trussville Marketplace, a 67,325 sq. ft. grocery-anchored shopping center in the Birmingham suburb of Trussville, Alabama. The purchase price was not disclosed. Built in 1998, tenants include Winn Dixie, Dollar Tree, Domino’s Pizza, Great Clips and The UPS Store. The property was 98 percent occupied at the time of sale.

Hanley Investment Group Sells Multi-Tenant Retail Strip Center in Orange County, Calif. for $3,000,000 (2010-02-16)
Edward B. Hanley and Eric P. Wohl of Hanley Investment Group Real Estate Advisors represented the seller in the sale of Walnut Newport Center, a 9,597 sq.ft. multi-tenant retail strip center located at 13842 Newport Avenue in Tustin, Calif. The purchase price was $2,990,007, representing $312 psf. Built in 1986, the four-tenant strip center is anchored by Blockbuster Video and is situated on a 0.74 acre parcel of land. The center was 100 percent occupied at the time of sale.

Hanley Investment Group Sells Single-Tenant NNN Jiffy Lube for $1.75 Million in Indio, CA (2010-01-14)
Edward B. Hanley and William B. Asher of Hanley Investment Group represented the seller in the sale of a single-tenant NNN Jiffy Lube in Indio, Calif., for $1,750,000, representing a 6.8% cap rate. The 4,000-square-foot single-tenant Jiffy Lube is a pad building situated on a 0.81-acre parcel of land within a Stater Bros. anchored shopping center at 81088 Highway 111 in Indio.

Hanley Investment Group Sells Neighborhood Shopping Center in Anaheim Hills, Calif. (2009-08-10)
Edward B. Hanley and Jeremy S. McChesney of Hanley Investment Group Real Estate Advisors represented the buyer and seller in the sale of a 71,720 sq. ft. CVS/pharmacy anchored neighborhood shopping center at 408 – 490 S. Anaheim Hills Road in Anaheim Hills, CA. The price could not be disclosed.

HI Urban Retail Advisors Sells High-Profile REO Retail Building in Long Beach, CA for $3,500,000 (2009-06-01)
HI Urban Retail Advisors represented the buyer and seller in the sale of a 24,925 sq.ft. bank-owned street-front retail building located at the signalized intersection of 3rd Street and Pine Avenue in the heart of Downtown Long Beach, CA. The purchase price was $3,500,000, representing $140 per square foot. The property consists of 23,050 sq.ft. of ground-floor retail space and 1,875 sq.ft. of second story office/loft space. Originally built in 1930 and later renovated in 1945, the subject property was 94% vacant at the time of sale. Starbucks was the only tenant that occupied space at the property at the close of escrow.