Hanleyinvestment.com - Hanley Investment Group Company News Section
Hanley Investment Group Information
Edward Hanley
8001 Irvine Center Drive, Suite 100, Irvine, California
Phone: (949) 585-7610
URL: http://www.hanleyinvestment.com
Built on a solid foundation of performance, integrity and dedication, Hanley Investment Group Real Estate Advisors is a boutique retail investment advisory firm with a two billion dollar transaction track record that is comprised of innovative specialists delivering unparalleled service and superior results that consistently exceed client expectations. Hanley Investment Group%u2019s expertise, commitment and unwavering focus of putting the client%u2019s needs first have continued to set the company apart in the industry.
Carlos Lopez of Hanley Investment Group represented the seller in the sale of Cornet Plaza, a 26,538-square-foot REO multi-tenant strip center located at 771 E. Horizon Drive in Henderson, Nev. The purchase price was $2,400,000, which represents $90 per square foot.
Hanley Investment Group represented the seller in the sale of a CVS/pharmacy anchored center in Huntington Beach, Calif. The purchase price was $13,870,000, representing a 5.56% capitalization rate and $445 psf.
Hanley Investment Group represented the buyer and seller in the sale of Bernardo Heights Plaza, a 37,729 sq. ft. Sprouts-anchored shopping center located at 15727 & 15731 Bernardo Heights Parkway in Rancho Bernardo, Calif.
Kevin T. Fryman of Hanley Investment Group represented the seller in the sale of Ashton Place Shopping Center, a 76,947-square-foot Kroger anchored shopping center located at 1100 Fledderjohn Road in Charleston, West Virginia.
Hanley Investment Group negotiated two single-tenant retail transactions totaling $6.8 million. William B. Asher, Kevin T. Fryman and Edward B. Hanley represented the seller in the sale of a single-tenant Chase Bank in Riverside, Calif., and Jeremy S. McChesney represented the buyer and seller in the sale of a single-tenant 7-Eleven in Culver City, Calif.
Hanley Investment Group represented the seller in the sale of The Market on Cherry Road, a 132,547-sq. ft. shopping center anchored by Office Depot, Big Lots and Anna's Linens, located at 2349 Cherry Road in Rock Hill, SC.
Hanley Investment Group represented the seller in the sale of the fee-simple ownership in the land leased to a single-tenant Wells Fargo Bank with a drive-thru at 955 West Bethany Drive in Allen, Texas. The freestanding 4,030-square-foot building is situated within the Watters Creek mixed-use development and was built in 2008.
Hanley Investment Group represented the buyer and the seller in the sale of a single-tenant NNN Carl's Jr. in Bakersfield, Calif. The purchase price was $1,569,500 and included both the building and the land.
Jeremy S. McChesney of Hanley Investment Group represented the buyer and seller in the sale of a single-tenant NNN McDonald's at 1423 Southwest Parkway in Wichita Falls, Texas. The all-cash buyer paid a sub 5 percent cap rate. The building, which features McDonald's new concept and construction, was built in 2008 and is located at 1423 Southwest Parkway on an outparcel to a Walmart Supercenter.
Hanley Investment Group Real Estate Advisors raised awareness and more than $13,000 this year for men's cancers, one moustache at a time. The group ranked #109 in over 15,000 teams nationwide. Edward Hanley, the captain of the team, ranked #44 as an individual Mo Bro fundraiser amongst more than 200,000 participants.
Hanley Investment Group represented the seller in the sale of represented the seller in the sale of a 4,229 sf retail strip center located at 20301 Hawthorne Boulevard in Torrance, CA, occupied by 7-Eleven and The Coffee Bean & Tea Leaf. The purchase price was $4.62 million, representing a record $1,064 psf, the highest sale price psf for a multi-tenant strip center in Los Angeles County in 2012.
Eric P. Wohl and Kevin T. Fryman of Hanley Investment Group represented the seller in the sale of King Harbor Plaza, a 13,097-square-foot multi-tenant retail building located within grocery-anchored shopping center in Redondo Beach, Calif. The purchase price was $3.91 million, representing approximately $299 per square feet.
Hanley Investment Group Real Estate Advisors is raising awareness and funds for men's cancers in November, one moustache at a time. The team is seeking donations from friends, family and clients to support their efforts while posting their progress online.
Edward B. Hanley and Eric P. Wohl of Hanley Investment Group assisted with the sale of stock in the company that owned the landmark Vons Pavilions anchored shopping center located in Newport Beach, Calif., in an off-market transaction. The sale price was $34,890,000, which would represent $790 per square foot on fee simple basis, the highest sale price per square foot in the last 5 years.
Jeremy S. McChesney of Hanley Investment Group represented the seller in the sale of a 8,000-square-foot single-tenant absolute NNN freestanding building O'Reilly Auto Parts at 3232 Foothill Boulevard in Oakland, Calif. The purchase price was $2,250,000, representing a 6.40% cap rate.
Edward B. Hanley of Hanley Investment Group represented the buyers and sellers in the purchase of two grocery-anchored shopping centers in Southern California. The sale of these two necessity-based shopping centers, Marketplace @ Palm Desert and Seabridge Marketplace in Oxnard, represent nearly 190,000 square feet.
Hanley Investment Group represented the buyer and seller in the sale of a single-tenant Panera Bread in Temecula, Calif. The purchase price was $2,715,000, representing a 6.43% capitalization rate and $560 per square foot. Located at 41798 Nicole Lane in Temecula, the 4,850 sq. ft. freestanding building is situated on a 1.49-acre parcel of land.
Eric P. Wohl and Edward B. Hanley of Hanley Investment Group have launched HIG NNN, a new division that specializes in the sale and advisory of single-tenant net lease properties across the U.S.
Hanley Investment Group was awarded the exclusive listing contract to market and sell Mariner's Center in the heavily traveled Mariners' Mile district, along Pacific Coast Highway in Newport Beach, Calif. Mariner's Center is a 24,191-square-foot multi-tenant retail center and is currently 100% occupied.
William B. Asher and Patrick G. Kent of Hanley Investment Group Real Estate Advisors represented the seller in the sale of a single-tenant Walgreens at 15318 Roy Rogers Drive in Victorville, Calif. The purchase price was not disclosed. The reported cap rate was 5.69%.
Jonathan Selznick has joined Hanley Investment Group Real Estate Advisors as vice president. Selznick brings to the company over 20 years of experience in senior sales management positions throughout his career and was most recently a broker with Pacific Commercial Investments in Irvine, Calif., where he advised clients on the acquisition and disposition of retail investment properties.
Hanley Investment Group Real Estate Advisors negotiated the sale of two multi-tenant strip centers in the Inland Empire for a total consideration of more than $9 million. Hanley Investment Group has sold a total of 7 retail properties in the Inland Empire valued at $35 million in the last 6 months.
Hanley Investment Group Real Estate Advisors negotiated the sale of two single-tenant Walgreens for a total consideration of more than $13 million. The properties were located in Downey, Calif. and Tucson, Arizona.
Kevin T. Fryman of Hanley Investment Group Real Estate Advisors represented the seller in the sale of a single-tenant NNN leased investment, La Barca Restaurantes, a 3,664 sq. ft. restaurant in Pico Rivera, Calif., offering authentic, fresh-made Mexican food. The purchase price was $1,400,000, which represented a cap rate of 6.50%. The tenant has 7 years remaining on the lease.
Kevin T. Fryman and Edward B. Hanley of Hanley Investment Group represented the buyer and seller in the sale of Bradville Square, a 90,435-square-foot grocery anchored shopping center in Sacramento County in the City of Rancho Cordova, Calif. The purchase price was not disclosed.
Hanley Investment Group closed out 2011 with the sale of 40 properties totaling over $225 million and more than 1.5 million square feet. With just a few weeks into 2012, Hanley Investment Group already has a combined total in excess of $200 million in escrow and listings, plus a bevy of buyer requirements to fill.
William B. Asher and Edward B. Hanley of Hanley Investment Group represented the seller in the sale of River's Crossing, a 31,900 sq. ft. multi-tenant retail center on Highway 111 in Rancho Mirage, Calif. The purchase price was $6.8 million - all cash.
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.
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.
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.
Hanley Investment Group Real Estate Advisors announced it has raised awareness and funds for men's cancers in November, one moustache at a time. Hanley Investment Group joined a global movement to help raise awareness for men's cancer, specifically prostate cancer, by growing moustaches as a team. The team sought out donations from friends, family and clients to support their efforts.
Hanley Investment Group Real Estate Advisors is now marketing for sale a portfolio of four southern California shopping centers located in Hawaiian Gardens, Lancaster, Mission Viejo and Oxnard. Consisting of 513,070 total square feet, the four properties are offered for sale unpriced and can be purchased individually or as a portfolio.
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 asking price for River's Crossing is $7,765,000.
Eric P. Wohl and Edward B. Hanley of Hanley Investment Group Real Estate Advisors represented the seller in the sale of Stella Link Center, a 100,000 sq. ft. multi-tenant community shopping center in Houston, Texas.
Edward B. Hanley and William B. Asher of Hanley Investment Group Real Estate Advisors represented the seller in the sale of a 7,866-square-foot multi-tenant retail building located within a Lowe's anchored shopping center, The Marketplace on Grove in Ontario, Calif. Built in 2007, the freestanding building located at 2220 S. Grove Avenue is situated on a 0.84-acre parcel of land.
Hanley Investment Group Real Estate Advisors recently negotiated the sale of five single-tenant Walgreens for a total consideration of more than $34 million. The sales were located in Southern California (Pasadena, Pomona, Orange County, and Riverside) and Oklahoma City, Okla.
Hanley Investment Group Real Estate Advisors has sold four retail properties totaling over $50 million and more than 130,000 sf in the last 30 days: Gateway Village in Chino Hills, CA (96,959 sf) for $34 million; Walgreens in Riverside, CA (14,991 sf) for $8.7 million; Walgreens in Oklahoma City, OK (14,490 sf) for $5.94 million; and La Verne Plaza in La Verne, CA (6,630 sf) for $1.7 million.
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.
William B. Asher of Hanley Investment Group represented the buyer in the purchase of a free-standing commercial building in Mission Viejo, Calif., for a total consideration of $2,900,000. Located at 27856 Center Drive, the 11,460-square-foot building is situated within the Home Depot anchored Crown Commerce Center. The property was built in 1991 and was vacant at the time of the sale.
Kevin T. Fryman of Hanley Investment Group represented the seller in the purchase of Trussville Marketplace, a 67,325 sq. ft. grocery-anchored shopping center in the Birmingham suburb of Trussville, Alabama. The purchase price was not disclosed. Built in 1998, tenants include Winn Dixie, Dollar Tree, Domino's Pizza, Great Clips and The UPS Store.
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.
Bill Asher of Hanley Investment Group, along with Jim Barthe of Real Estate Portfolio Specialists and Paul and Nathan Strauss of ASB Property Management represented the buyer in the purchase of a neighborhood shopping center in La Cañada, Calif., for $16 million.
Edward B. Hanley of Hanley Investment Group represented the seller in the sale of the fee-simple ownership in the land leased to a single-tenant NNN Del Taco at 6341 Haven Ave. in Rancho Cucamonga. The purchase price was $1,460,000. Del Taco occupies a single-tenant pad building situated within Haven Village, a dominant neighborhood shopping center in the area anchored by Vons and Trader Joe's.
Hanley Investment Group represented the seller in the sale of the fee-simple ownership in the land leased to a single-tenant NNN Red Robin Restaurant at the Jess Ranch Marketplace Phase III in Apple Valley, Calif. The purchase price was $2,275,000.
Jeremy S. McChesney of Hanley Investment Group Real Estate Advisors has been promoted from Vice President to Senior Vice President. Since McChesney's career in retail investment sales began in 2000, McChesney has sold over $150,000,000 of retail property throughout Southern California and the western United States. In the past year alone, McChesney closed over $21,000,000 in transactions.
Edward B. Hanley and William B. Asher of Hanley Investment Group represented the seller in the sale of a single-tenant NNN Wells Fargo in Menifee, Calif. The purchase price was $3,245,000. Located in Riverside County at 30186 Haun Road, the single-tenant Wells Fargo is a 5,250 SF pad building built in 2008 and situated within the Countryside Marketplace.
Eric P. Wohl and Edward B. Hanley of Hanley Investment Group represented the buyer and seller in the sale of a 27,300-square-foot shopping center in Las Vegas. The purchase price was $4,827,000, representing $177 per square foot. Tenants include 99 Cents Only, Burger King (ground lease), LaunderLand and Moneytree. The property was built in 2003 and was 100 percent occupied at the time of sale.
Patrick G. Kent, former director at Faris Lee Investments, has joined Hanley Investment Group Real Estate Advisors as a senior vice president. Kent has more than 20 years of industry experience and has closed countless investment sales transactions with total sales in excess of over $500 million dollars.
Edward B. Hanley and Eric P. Wohl of Hanley Investment Group Real Estate Advisors represented the seller in the sale of Walnut Newport Center, a 9,597 sq. ft. multi-tenant retail strip center located at 13842 Newport Avenue in Tustin, Calif. The purchase price was $2,990,007, representing $312 psf. Built in 1986, the four-tenant strip center is anchored by Blockbuster Video.
Hanley Investment Group represented the seller in the sale of the fee-simple ownership in the land leased to a single-tenant NNN Red Robin Restaurant in Menifee, CA. The purchase price was $2,040,000. Located at 30142 Haun Road, the single-tenant Red Robin Restaurant is a pad building situated within Countryside Marketplace, the dominant power center in the region.
Edward B. Hanley and William B. Asher of Hanley Investment Group, along with Phil Berry of Commercial West Brokerage, Inc., represented the seller in the sale of two NNN pad buildings in Chino, Calif., for a total consideration of $5,850,000. The pad buildings are located within Stater Bros. Plaza, which includes anchor Stater Bros. and Carl's Jr., Chase Bank, Fantastic Sams and Pacific Dental.
Edward B. Hanley and William B. Asher of Hanley Investment Group Real Estate Advisors represented the buyer and seller in the sale of a single-tenant PETCO in Denver, CO. The purchase price was $7,800,000. Built in 1993, PETCO occupies a 23,057-square-foot building on a 1.4-acre parcel of land.
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.
Hanley Investment Group represented the seller in the sale of the fee-simple ownership in the land leased to a single-tenant building occupied by Forever 21 in Calexico, Calif. The purchase price was $5,200,000.
Hanley Investment Group represented the seller in the sale of two retail properties in Southern California for a total consideration of $6,050,000. The seller was Westwood Financial of Los Angeles.
Kevin T. Fryman and Eric P. Wohl of Hanley Investment Group represented the buyer and seller in the sale of Bellflower Plaza, a 12,155 sq. ft. multi-tenant retail strip center in Bellflower, Calif. The purchase price was $2,106,000, representing a 6.63% cap rate. Built in 1980, Bellflower Plaza was 92% occupied at the time of the sale.
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 and Hallmark.
Kevin T. Fryman and Eric P. Wohl of Hanley Investment Group represented the seller in the sale of a 9,171 sf multi-tenant retail strip center in Bellflower, Calif. The purchase price was $1,970,000 representing a 7.37% capitalization rate. Located at Alondra Boulevard and Clark Avenue, the property is situated on a 0.50-acre lot and included tenants Advance America and Domino's Pizza.
Edward B. Hanley and Jeremy S. McChesney of Hanley Investment Group Real Estate Advisors represented the buyer and seller in the sale of a 71,720 sq. ft. CVS/pharmacy anchored neighborhood shopping center at 408 - 490 S. Anaheim Hills Road in Anaheim Hills, CA. The price could not be disclosed.
Jeremy S. McChesney of Hanley Investment Group represented the buyer and seller in the $3.8 million sale of Copper Lantern Center, a 34,644 SF retail center anchored by 7-Eleven in Riverside, CA. The property was built in 1980, and was 80% occupied at the time of sale.
Hanley Investment Group Real Estate Advisors represented the seller in the sale of the fee-simple ownership in the land leased to a single-tenant NNN Fresh & Easy Neighborhood Market at 8765 Trautwein Road in Riverside, CA for $2,475,000. Built in 2007, Fresh & Easy occupies a 14,500-square-foot free-standing building situated on a 1.41-acre parcel of land situated within Orangecrest Towne Center.
Edward B. Hanley of Hanley Investment Group Real Estate Advisors represented the buyer and seller in the sale of a single-tenant Fresh & Easy Neighborhood Market in Loma Linda, Calif. The purchase price was $2,865,000, at a 6.6% cap rate. The 15,000 sq. ft. single-tenant Fresh & Easy Neighborhood Market is located at 25694 Redlands Boulevard.
Carlos J. Lopez of Hanley Investment Group represented the seller in the sale of Home Place, a multi-tenant retail strip center at 1935 E. 17th Street in Santa Ana, Calif. The purchase price was $4,325,000, representing $532 per square foot. The subject property is a .55 acre out parcel to an Orchard Supply Hardware (OSH) anchored shopping center.
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.
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 sf shopping center, which includes tenants Ralphs, Walgreens, Blockbuster Video and Firestone Tires and was 100% occupied at the time of the sale.
Kevin Fryman and Bryan Land of Hanley Investment Group Real Estate Advisors represented the seller in the $7,380,000 sale of Archibald’s Plaza, a 15,505 sq. ft. Starbucks-anchored retail center located at 2910 & 2920 Archibald Avenue in Ontario, CA. The property was built in 2005, and was 100 percent occupied at the time of sale.
Hanley Investment Group has promoted Kevin T. Fryman from senior associate to vice president. An expert in the sale of retail properties, Fryman has closed over 30 sales transactions totaling more than $100 million. In the past year, Fryman closed transactions such as Lompoc Corners in Lompoc, CA for $16,100,000 and Cruse Crossing in Lawrenceville, GA for $12,015,000.
Jeremy McChesney and Kevin Fryman of Hanley Investment Group Real Estate Advisors represented the buyer in the sale of two single-tenant NNN Carl’s Jr. properties in Florence and Meridian, Colorado. The collective purchase price for both assets was $3,318,000.
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