Press releases for retail investment sale

Hanley Brown Group Represents Buyer in $7,400,000 Sale of Retail Center in Moreno Valley, Calif. (2006-11-09)
Hanley Brown Group Real Estate Advisors, one of the most dominant retail investment groups in Southern California and a market leader in the exclusive representation of buyers and sellers in the sale of retail properties, announced today Jeremy S. McChesney and Eric L. Werner of Hanley Brown Group represented the buyer in the $7,400,000 sale of a new 20,494-square-foot multi-tenant retail center shadow anchored by Food 4 Less and located at 24430 Alessandro Boulevard in Moreno Valley, CA. The cap rate was 6.36%. The property was 100% occupied at the time of sale.

Hanley Brown Group Represents Buyer & Seller in $1,533,333 Sale of Jack in the Box in La Mirada -- Record Low Cap Rate of 4.5% (2006-09-30)
Hanley Brown Group Real Estate Advisors, one of the most dominant retail investment groups in Southern California and a market leader in the exclusive representation of owners in the sale of retail properties, announced today Kevin T. Fryman of Hanley Brown Group represented the buyer and seller in the $1,533,333 sale of the fee simple ownership in the land leased to a single-tenant Jack in the Box fast-food restaurant. Built in 2000, the 3,100-square-foot single-tenant drive-thru restaurant at 13495 Beach Boulevard in La Mirada, CA sold at a record low cap rate of 4.50%.

Hanley Brown Group Represents Buyer in $6,125,000 Sale of Single-Tenant Gold’s Gym in San Antonio, TX (2006-09-30)
Hanley Brown Group Real Estate Advisors represented the buyer in the sale of a single-tenant NNN investment with Gold’s Gym in San Antonio, Texas. The purchase price was $6,125,000 at a 7.75% cap rate. Built in 2005, Gold’s Gym occupies a 40,000-square-foot building situated on 3.55 acres at the intersection of the McDermott Freeway and DeZavala Road (12481 West Interstate 10) within the Fiesta Trails Shopping Center.

SilverCreek Properties Acquires $96 Million Retail Property Portfolio from Private Investor; Portfolio includes 46 Assets totaling 770,000 SF in 20 States (2006-02-28)
SilverCreek Properties, a full-service acquisition, development and management company specializing in retail and commercial properties in the United States, announced today the $96 million acquisition of a 46 retail asset portfolio totaling approximately 770,000 square feet in 20 states and range in size from approximately 4,000 to 50,000 square feet. The company now owns approximately 65 properties throughout the United States.