Press releases for retail real estate

LUCESCU REALTY Announces Sale of Lake Pleasant Pavilion Shopping Center in Phoenix Metro for $41.75 Million (2012-05-18)
LUCESCU REALTY negotiated the sale of Lake Pleasant Pavilion Shopping Center in Peoria, Arizona for $41.75 million. LUCESCU REALTY exclusively represented the interests of the seller, Kornwasser Shopping Center Properties, a private development firm, headquartered in Los Angeles, and procured the buyer, Excel Trust in San Diego. This is Excel’s second acquisition in the Valley. Earlier this year the Company acquired Scottsdale Promenade for $166 million in a deal that was also brokered by LUCESCU REALTY.

Coreland Companies Awarded Nearly 1.2 Million SF Retail Management Portfolio by Watt Properties (2012-03-09)
Coreland Companies was awarded a contract by Watt Properties, a division of Watt Companies, to manage a large portfolio of neighborhood retail properties located across Southern California totaling nearly 1.2 million square feet. The portfolio encompasses 12 retail properties that are located in Orange, Los Angeles and Riverside counties.

Hanley Investment Group Sells Three Retail Centers in the Inland Empire for $8,170,000 (2012-01-12)
Edward B. Hanley, William B. Asher and Patrick G. Kent of Hanley Investment Group Real Estate Advisors negotiated the sale of three multi-tenant strip centers totaling 96,327 square feet for a total consideration of $8,170,026. The retail properties were located in Fontana, Corona and Riverside.

Hanley Investment Group Sells Community Shopping Center for $11.58 Million in Oklahoma City, Okla. (2011-12-16)
Eric P. Wohl, Kevin T. Fryman and Edward B. Hanley of Hanley Investment Group represented the buyer and seller in the sale of a 202,247 sq. ft. shopping center in Oklahoma City, Okla., for $11,580,000. Known as Southern Hills Shopping Center, the 14.62-acre property is located at 1414–1630 SW 74th Street and 7620 South Pennsylvania Avenue in Oklahoma City. The property, which includes tenants Aaron’s, B-Sew Inn, Dollar Tree, Golf USA, Hancock Fabrics, Horse & Rider, Joe’s Crab Shack, Mazzio’s Italian Eatery, Mill Creek Carpet & Tile, Northern Tool, Ocean Dental, SAS Shoes, Starbucks, and Wendy’s, was 95% occupied at the time of sale.

Hanley Investment Group Sells Brand New Single-Tenant Walgreens in Lake Elsinore, Calif. for $8 Million (2011-12-12)
William B. Asher and Jeremy S. McChesney of Hanley Investment Group Real Estate Advisors represented the buyer and seller in the sale of a single-tenant Walgreens in Lake Elsinore, Calif. The purchase price was $8,086,409. Located at 31781 Mission Trail Road in Lake Elsinore, the 13,678-square-foot freestanding building (including a drive-thru) is situated on a 1.57-acre parcel of land. The building, which is leased to Walgreens for a 75-year lease term, was built in 2011.

Craig T. Chinn of KTGY to Participate as Roundtable Facilitator at ICSC CenterBuild Conference in Phoenix, AZ (2011-11-14)
Craig T. Chinn of KTGY Group will be a roundtable facilitator on repositioning retail and commercial center at ICSC 2011 CenterBuild Conference in Phoenix, AZ on Dec. 1. The roundtable discussion will help developers know what the cost of repositioning a project from one use to another. There will be multiple scenarios and the costs associated with each type of design element. For example, attendees will learn what the cost implications are to add a store front to an existing block wall.

Present Value Properties Negotiates Five Leases Totaling 23,153 SF at 5 Points Plaza in Huntington Beach (2011-11-08)
Sharon Courtway of Present Value Properties negotiated five leases at 5 Points Plaza in Huntington Beach, which brings the center to 97% leased. Charming Charlie, Kahoots Pet Store, CloudMover Day Spa, Bliss Nails and Spa, and Original Bold Fold will open at 5 Points Plaza.

Coreland Companies Adds Industry Veteran Kimberly Talley & Expands Brokerage Team (2011-09-12)
Coreland has enhanced its Brokerage division by adding industry veteran Kim Talley as Senior Associate, Retail Brokerage. Talley was formerly a Senior Associate with CB Richard Ells.

Lucescu Realty Announces Opening of New Office in Phoenix, AZ and Sale of The Promenade in Scottsdale, AZ for $110 Million (2011-07-11)
Lucescu Realty has opened a new regional office in Phoenix, AZ to better serve its clients; and Lucescu Realty's sale of The Promenade in Scottsdale, which closed earlier today, marks one of the largest shopping center sales ever recorded in Arizona. The sale price was $110 million. Lucescu Realty represented the seller, a local private investor, and procured the buyer, Excel Trust of San Diego, Calif.

Lucescu Realty Announces Opening of New Office in Phoenix, AZ and Sale of The Promenade in Scottsdale, AZ for $110 Million (2011-07-11)
Lucescu Realty has opened a new regional office in Phoenix, AZ to better serve its clients; and Lucescu Realty's sale of The Promenade in Scottsdale, which closed earlier today, marks one of the largest shopping center sales ever recorded in Arizona. The sale price was $110 million. Lucescu Realty represented the seller, a local private investor, and procured the buyer, Excel Trust of San Diego, Calif.

Lucescu Realty Announces Opening of New Office in Phoenix, AZ and Sale of The Promenade in Scottsdale, AZ for $110 Million (2011-07-11)
Lucescu Realty has opened a new regional office in Phoenix, AZ to better serve its clients; and Lucescu Realty's sale of The Promenade in Scottsdale, which closed earlier today, marks one of the largest shopping center sales ever recorded in Arizona. The sale price was $110 million. Lucescu Realty represented the seller, a local private investor, and procured the buyer, Excel Trust of San Diego, Calif.

Lucescu Realty Announces Opening of New Office in Phoenix, AZ and Sale of The Promenade in Scottsdale, AZ for $110 Million (2011-07-11)
Lucescu Realty has opened a new regional office in Phoenix, AZ to better serve its clients; and Lucescu Realty's sale of The Promenade in Scottsdale, which closed earlier today, marks one of the largest shopping center sales ever recorded in Arizona. The sale price was $110 million. Lucescu Realty represented the seller, a local private investor, and procured the buyer, Excel Trust of San Diego, Calif.

Lucescu Realty Announces Opening of New Office in Phoenix, AZ and Sale of The Promenade in Scottsdale, AZ for $110 Million (2011-07-11)
Lucescu Realty has opened a new regional office in Phoenix, AZ to better serve its clients; and Lucescu Realty's sale of The Promenade in Scottsdale, which closed earlier today, marks one of the largest shopping center sales ever recorded in Arizona. The sale price was $110 million. Lucescu Realty represented the seller, a local private investor, and procured the buyer, Excel Trust of San Diego, Calif.

Lucescu Realty Announces Opening of New Office in Phoenix, AZ and Sale of The Promenade in Scottsdale, AZ for $110 Million (2011-07-11)
Lucescu Realty has opened a new regional office in Phoenix, AZ to better serve its clients; and Lucescu Realty's sale of The Promenade in Scottsdale, which closed earlier today, marks one of the largest shopping center sales ever recorded in Arizona. The sale price was $110 million. Lucescu Realty represented the seller, a local private investor, and procured the buyer, Excel Trust of San Diego, Calif.

Hanley Investment Group Lists for Sale River's Crossing Retail Center on Hwy. 111 in Rancho Mirage, Calif. for $7,765,000 (2011-06-27)
William B. Asher and Edward B. Hanley of Hanley Investment Group Real Estate Advisors have exclusively listed for sale River’s Crossing, a 31,900 sq. ft. multi-tenant retail center on Highway 111 in Rancho Mirage, Calif. The retail property is situated at the signalized intersection of Highway 111 and Magnesia Falls Drive and is located two blocks from The River, the premier regional lifestyle/entertainment center in the Coachella Valley. The asking price for River’s Crossing is $7,765,000.