Press releases for retail property sale

Hanley Investment Group Sells Three Shopping Centers Totaling Nearly $17 Million (2008-08-12)
Hanley Investment Group Real Estate Advisors negotiated the sale of three multi-tenant shopping centers in Arizona and Southern California for a total consideration of $16,575,000. The properties are located in Mesa, Ariz. and Riverside and Victorville, Calif. Two properties closed at a sub 6% cap rate.

Hanley Investment Group & Voit Commercial Brokerage Sell Ralphs Grocery Anchored Shopping Center in Glendale, CA for $19,500,000 (2008-05-30)
Edward B. Hanley and Eric P. Wohl of Hanley Investment Group of Irvine, Calif. teamed up with Michael Hefner of Voit Commercial Brokerage of Orange, Calif. to represent the seller, Glendale Square LLC, otherwise known as FKC Properties, Inc. of Placentia, Calif., in the sale of a Ralphs grocery-anchored shopping center in Glendale, Calif. for $19,500,000, representing a 6.05 percent cap rate and $422 psf.

Hanley Investment Group Closes Three Shopping Center Sales at Record Prices Totaling $12,450,000 (2008-05-07)
Hanley Investment Group Real Estate Advisors negotiated the sale of three multi-tenant shopping centers in Southern California for a total consideration of $12,450,000. The sale transactions were at high sale prices per square foot and historically low cap rates, with one property even closing at above the listed price, which further demonstrates that demand has not slowed for well located properties with a quality tenant mix. Recently, Hanley Investment Group represented the buyer and seller in the $47.2 million sale of a high-profile neighborhood shopping center in Chino Hills, Calif.

Hanley Investment Group Represents Buyer and Seller in $47.2 Million Sale of Trophy Neighborhood Shopping Center in Chino Hills, Calif. (2008-05-01)
Edward Hanley, president of Hanley Investment Group, represented the buyer and seller in the $47.2 million sale of Gateway Village, a high profile neighborhood shopping center in Chino Hills, Calif. The sale of this 96,959-square-foot Henry’s Market anchored shopping center represented a record breaking $487 psf. The property was 100 percent occupied at the time of sale.

Hanley Investment Group Represents Buyer in $11,440,000 Sale of Shopping Center in Fresno, Calif. (2007-08-14)
Eric P. Wohl of Hanley Investment Group represented the buyer in the sale of Mission Village, a 60,604-square-foot shopping center in Fresno, Calif. The purchase price was $11,440,000, which represented a 6.10% cap rate. Mission Village consists of 25 tenants including Kim's Restaurant, Nextel, Asia Korea Market, Toledo's Mexican Restaurant, Samos Kitchen, Awakenings Salon, Curves, and Permanent Beauty. The property was 95% occupied at the time of sale.