This was the highest sale price per square foot at the time of sale for the purchase of a grocery-anchored center in California and was challenging due to the fact that the sale was structured using REIT stock.
The Hanley Investment Group Advantage
- Highest Sale Price Per Square Foot in the Previous 6 Year Period for a Grocery-Anchored Shopping Center in California
- Procured Record Cap Rate in Orange County for a Grocery-Anchored Shopping Center
- Sold Approximately 50 Basis Points Better than Majority of Institutional Buyer Interest
- 44,300 SF Grocery-Anchored Shopping Center
- Anchored by 27,000 SF Pavilions
- Irreplaceable Location in Newport Beach, CA