CINCINNATI—Hanley Investment Group, a real estate brokerage firm that specializes in retail property sales, recently negotiated the purchase of four shopping centers owned by Cincinnatibased institutional investment firm Phillips Edison & Co. The retail properties, which were located in either secondary or tertiary markets, sold for a combined value of over $24 million and totaled …
PALM BEACH—A Best Buy just traded in an off-market transaction in Boca Raton, FL. The single-tenant triple net leased asset sold for $11.5 million. The 59,500squarefoot Best Buy sits on 4.7 acres of land. The buyer, Magi Henderson, has ties to Santa Monica, CA based REIT Pacific Star. The seller, Palmer Chicago Investment Company, a …
IRVINE, CA—Tenants’ commitment to the location is one reason why auto-parts stores are the most sought-after among 1031 buyers, Hanley Investment Group’s SVP Jeremy McChesney tells GlobeSt.com exclusively. McChesney says single-tenant, net-leased auto-parts stores are a viable alternative retail investment to fast-food and bank single-tenant net-leased investments and are becoming a hot new sub-category in …
IRVINE, Calif. — Hanley Investment Group has brokered the sale of four single-tenant absolute triple-net (NNN) 7-Eleven convenience stores in Erie County, N.Y., totaling nearly $3 million. Hanley Investment Group, a national boutique real-estate brokerage and advisory firm specializing in retail property sales, has announced that senior vice president Jeremy McChesney negotiated the sale. McChesney …
Hanley Investment Group Negotiates Sale of Four Single-Tenant 7-Elevens Read More »
LOS ANGELES—Retail investors are heading to markets in the valley for better yields. Two separate investors acquired value-add shopping centers in Oxnard and Palmdale for a combined $27 million. The two purchases show a trend of investors looking for investment opportunities in alternative markets as cap rates continue to compress in Los Angeles. “Cap rates …
Retail Investors Find Better Yields in the Valley Read More »
A trophy, 13.6k sf multi-tenant retail property in Provo, UT was purchased by a private investor out of Los Angeles. The property, situated at the entrance to Brigham Young University, was sold by Peninsula Retail Partners of Newport Beach, the developer of the property. The sale price could not be disclosed. Located on 1.52 acres …
SoCal-Based Investors Trade Utah Retail Property Read More »
An 88k sf Kohl’s in the Los Angeles area just traded hands at a price of $21.95 mil, or about $249/sf. The single-tenant, NNN-leased property, which was acquired by a NoCal-based private investor in a 1031 exchange, sold for a record-breaking low cap rate of 4.80 percent. “According to our CoStar research, this sale represented …
LA-Area Kohl’s Sells at Record-Setting 4.8% Cap Rate Read More »
IRVINE, CA—GlobeSt.com has learned exclusively that Phillips Edison & Co., an institutional investment firm that owns more than 36 million square feet of retail properties across the US, has sold seven retail properties totaling more than 800,000 square feet of space in secondary and tertiary markets. The total combined sales for the properties amounted to …
IRVINE, Calif. (December 15, 2014) – Hanley Investment Group, a leading retail investment sales firm in Southern California, recently concluded its fourth annual Movember campaign to raise funds and awareness for men’s health. Through this year’s fundraising efforts, Hanley Investment Group ranked #39 out of nearly 23,000 teams nationwide by raising more than $27,000, exceeding …
A single-tenant Walgreens in Long Beach recently traded hands at a price of $6.45 mil, representing a cap rate of 5.41%. The buyer was a private investor from West Covina. Built in 2001, the 15.2k sf ($424/sf), freestanding building (including a 24-hour drive-thru) is situated on a 1.86-acre parcel of land at 2627 Pacific Ave …
