Press releases for retail brokerage advisors

Hanley Investment Group Sells Orange County Strip Center at Record $720 psf and Lists 10,000 sf Retail Center Adjacent to USC for $5.33 Million (2010-12-15)
Jeremy S. McChesney of Hanley Investment Group has sold Town Center Plaza, a multi-tenant retail center in Yorba Linda at a record sales price of $720 per square foot, and Patrick G. Kent and Carlos J. Lopez have listed a 10,000 sq. ft. multi-tenant retail center situated immediately adjacent to University of Southern California (USC) in Los Angeles for $5.33 million.

Hanley Investment Group Selling Three Neighborhood Shopping Centers Totaling $112 Million and Closes Seven Shopping Center Transactions Valued at $40 Million in 60 Days (2010-08-11)
In the last two months, Hanley Investment Group has sold seven shopping centers totaling over $40 million and more than 250,000 square feet, and is now marketing for sale three Southern California grocery-anchored neighborhood shopping centers totaling $112 million.

Hanley Investment Group Sells Winn-Dixie Supermarket and CVS/pharmacy Anchored Shopping Center in Mobile, AL (2009-09-22)
Kevin T. Fryman of Hanley Investment Group represented the buyer and seller in the sale of Hillcrest Marketplace, a 76,364 sq. ft. shopping center anchored by Winn-Dixie supermarket and CVS/pharmacy in Mobile, Alabama. The shopping center was built in 1997 and was 98% occupied at the time of sale. Tenants in the sale included: Winn-Dixie, CVS/pharmacy, Firehouse Subs, Hallmark, Hershey’s Ice Cream, Little Caesars, and VIP Nail & Tanning Salon.

Hanley Investment Group Sells Shopping Center in Riverside County, CA for $9,950,000, $397 psf (2009-03-09)
Hanley Investment Group Real represented the seller in the sale of Newport Crossing, a 25,049 SF shopping center in Riverside County in Menifee, CA. The purchase price was $9,950,000, representing $397 per square foot. Located at Newport Rd. and Murrieta Rd., the 4-acre property is anchored by Jack in the Box’s new Quick Stuff convenience store concept, which includes a Shell Gas fuel station and full-size Jack in the Box restaurant with drive-thru. Other tenants in the center include Great Clips, Hollywood Video, IHOP, Submarina, UPS Store and Verizon Wireless. The property was built in 2006, and was 87 percent occupied at the time of sale.