Monday, August 10, 2009

Hanley Investment Group Sells Neighborhood Shopping Center in Anaheim Hills, Calif.

IRVINE, CALIF. - Hanley Investment Group Real Estate Advisors, one of the most dominant retail investment groups in the western United States and a market leader in the sale of retail properties, announced today Edward B. Hanley and Jeremy S. McChesney of Hanley Investment Group represented the buyer and seller in the sale of a 71,720-square-foot neighborhood shopping center in Anaheim Hills, Calif. The price could not be disclosed.

Anaheim Hills Plaza is located at 408 - 490 S. Anaheim Hills Road in Anaheim Hills. Positioned at the signalized intersection of Nohl Ranch Road and Anaheim Hills Road, the center is anchored by CVS/pharmacy.

The buyer was Lin Investments and the seller was a California limited partnership.

About Hanley Investment Group Real Estate Advisors
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's expertise, commitment and unwavering focus of putting the client's needs first have continued to set the company apart in the industry. Hanley Investment Group works closely with individual investors, developers, and institutional property owners in every facet of the transaction to insure that the highest value is achieved. Clients rely on Hanley Investment Group to be the most knowledgeable and trusted source for valuation services, market information and retail property acquisitions and dispositions. For more information, visit the Company's website at www.hanleyinvestment.com or call (949) 585-7610.
Hodgdon Group Completes $3.5 Million in Improvements as Project Manager at CHW Medical Plaza in Fontana, Calif.

FONTANA, CALIF. -- Inland Empire-based Hodgdon Group announced it recently completed three medical construction management projects at the newly built CHW Medical Plaza in Fontana, Calif. The three tenant improvement projects have a combined value of approximately $3,575,000. Two of the projects were on behalf of Catholic Healthcare West (CHW), the eighth largest hospital system in the nation and the largest not-for-profit hospital provider in California; CHW also owns local hospitals St. Bernardine Medical Center and Community Hospital both located in San Bernardino, Calif. The other project was on behalf San Bernardino Medical Group, Inc.

According to Aaron Hodgdon, President of the Hodgdon Group, the Hodgdon Group served as the Project Manager for the tenant build-outs for all three tenants: St. Bernardine's Urgent Care Center, Inland Healthcare Group and San Bernardino Medical Group's medical offices.

The build-outs encompassed everything required for an operational medical facility -- converting a raw shell to a finished product. The Hodgdon Group team coordinated with the architect and engineers, obtained City permits, and coordinated competitive bidding through the landlord. Improvements included waiting areas, procedure and exam rooms, x-ray room, and physician and administrative offices. The architect for all three projects was Pierce/Cooley Architects, Inc. Hattox Design Group, LLC of Irvine provided the interior design. Both firms are based in Irvine, Calif. The developer is PRP Development of Newport Beach. Josef Farrar and Justin Hodgdon of UGL Equis in Costa Mesa, Calif. represented the lessor, San Francisco-based CHW, in the lease transaction.

CHW Medical Plaza is a two-story, 40,000-square-foot new building located at 17051 Casmalia Street, off the 210 Freeway at Sierra Lakes Avenue in Fontana. Inland Healthcare Group's new 10,068-square-foot medical facility is located in Suite 101 at CHW Medical Plaza. St. Bernardine's Urgent Care's new 4,647-square-foot medical facility is located in Suite 102. San Bernardino Medical Group's new 5,810-square-foot medical facility is located in Suite 103.

Hodgdon Group is a full-service real estate brokerage, development and construction management company for all of types of real estate projects; and has constructed a variety of medical office buildings through its general contracting division, Hodgdon-Miank Construction. For more information about the Hodgdon Group, please contact Aaron Hodgdon at 909.783.3020 or
aaron@hodgdongroup.com.