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Press releases for shopping center sale
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  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.
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 Reps Buyer & Seller in $15 Million Shopping Center Sale in National City, Calif. (2008-07-29)
Hanley Investment Group represented the buyer and seller in the $15 million sale of a grocery/drug anchored shopping center at the corner of East Plaza Blvd. and Euclid Ave. in National City, Calif. A Canadian buyer paid a 6% cap rate for the 68,084 sq. ft. shopping center, which includes tenants Ralphs, Walgreens, Blockbuster Video and Firestone Tires. The center, which was 100% occupied at the time of the sale, is situated on 7.35 acres. Hanley Investment Group Lists First Tesco Anchored Shopping Center for $20,425,000 (2007-09-14)
Hanley Investment Group Real Estate Advisors has been awarded the exclusive listing to market the first U.S. Tesco anchored shopping center in Las Vegas, Nevada, Warm Springs Plaza. The shopping center is 96% occupied and is listed for $20,425,000 on behalf of the seller, Woodland Hills-based Toibb Enterprises. In Covina, Calif., Hanley Investment Group has also been awarded the listing for the sale of Grand Covina Plaza, a grocery/drug anchored shopping center at the southwest corner of Grand Avenue and Covina Boulevard. The property is being marketed on a “Best Offer” basis with the deadline for offers to be submitted no later than October 19, 2007. In San Antonio, Texas, Hanley was awarded the listing for the sale of Ingram Square. The asking price is $7,380,000 representing an 8.0% cap rate. In the Inland Empire region of Southern California, Hanley Investment Group was awarded three listings: a portion of Wolf Store Retail Park in Temecula (asking price is $5,750,000); a portion of Archibald’s Plaza in Ontario (asking price is $7,455,000); and a Starbucks anchored retail center in Victorville (asking price is $4,260,000). Hanley Investment Group Sells Two Separate Portions of Grocery/Drug Anchored Shopping Center in Blythe, Calif. for Total of $4,885,000 (2007-08-16)
Hanley Investment Group’s Eric Wohl negotiated the sale of two separate portions of the Blythe Towne Center in Riverside County, Calif. for a total consideration of $4,885,000. Wohl represented the seller in the sale of a 16,100-square-foot portion of Blythe Towne Center in Blythe. The purchase price was $3,175,000, representing a 6.60% cap rate. Wohl also represented the seller in the sale of a 6,000-square-foot portion within the Blythe Towne Center. The purchase price was $1,710,000, representing a 6.98% cap rate. The buyer of both properties was Missouri Plaza LLC of St. Louis, MO, represented by C.K. Yoon of Prudential California Realty in Carlsbad, Calif. Hanley Investment Group Reps Buyer & Seller in $11,760,000 Shopping Center Sale in Fountain Valley, CA (2007-07-02)
Hanley Investment Group Real Estate Advisors, one of the most dominant retail investment groups in Southern California and a market leader in the sale of retail properties, announced today Edward B. Hanley and Eric P. Wohl of Hanley Investment Group represented the buyer and seller in the sale of a 41,550-square-foot multi-tenant shopping center, known as Harbor Plaza in Fountain Valley, Calif. The purchase price was $11,760,000 which represented a 6.25% capitalization rate. Situated in the heart of central Orange County, the property is situated on 3.95 acres and four buildings and consists of 21 tenants including Sizzler, OC Auto Sound, Priority Staffing, Panda Bowl and Subway. The property was built in 1985, renovated in 2006, and was 97% occupied at the time of sale. Hanley Brown Group Represents Buyer in $4,995,000 Sale of Multi-Tenant Retail Center in Hemet, CA (2006-10-10)
Hanley Brown Group Real Estate Advisors announced today Eric P. Wohl of Hanley Brown Group represented the buyer in the $4,995,000 sale of Diamond Valley Shopping Center in Hemet, CA. Located at State Street and Stetson Avenue, the 57,818-square-foot shopping center consists of 2 buildings and is situated on 5.14 acres in Riverside County. The property was 83% occupied at the time of sale. Hanley Brown Group Reps Buyer & Seller in the $12,245,000 Sale of Shopping Center in Yucaipa, CA (2006-09-30)
Hanley Brown Group Real Estate Advisors announced today that Edward B. Hanley of Hanley Brown Group represented the buyer and seller in the sale of a 90,269-square-foot Stater Bros. anchored retail center in Yucaipa, CA for $12,245,000. Built in 1975, Chapman Heights Shopping Center is located at the NWC of Yucaipa Boulevard and 4th St. The buyer was a family trust based in Orange County, CA. The seller was PASSCO Real Estate Enterprises Inc. of Irvine, CA. Hanley Brown Group Represents Buyer and Seller in the $25,100,000 Sale of Community Center Near South Coast Plaza in Santa Ana, Calif. (2006-04-03)
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 that Edward B. Hanley of Hanley Brown Group represented the buyer and seller in the sale of a 62,800-square-foot community shopping center near South Coast Plaza in Santa Ana, Calif. for $25,100,000. The property, which was built in 1986, is 100 percent occupied. Hanley Brown Group Represents Seller in the $7.5 Million Sale of Multi-Tenant Retail Center in Temecula, CA (2006-03-28)
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 shopping centers, announced today Edward B. Hanley and Eric L. Werner of Hanley Brown Group represented the seller in the $7.5 million sale of Margarita Square, a multi-tenant leased investment located at the signalized corner of Highway 79 and Margarita Road in Temecula, Calif. The 11,775-square-foot building was sold at a cap rate of 5.35%, which represented one of the highest prices per square foot deals in this area. 1 |
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