Hanley Investment Group Sells Two Multi-Tenant Retail Strip Centers Totaling $6,050,000 for Westwood Financial
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Los Angeles and Orange County Strip Centers Remain in High Demand

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 that Hanley Investment Group represented the seller in the sale of two multi-tenant retail properties in Cypress and North Hollywood, Calif., for a total consideration of $6,050,000. The seller of both properties was Westwood Financial of Los Angeles, Calif.

Edward B. Hanley and Jeremy S. McChesney represented the seller in the sale of Cypress Plaza located at 5491 Ball Road in Cypress. Situated on 0.52 acres, the 7,966-square-foot multi-tenant strip center is positioned at the signalized intersection of Walker Street and Ball Road. The property was built in 1986, and was 71 percent occupied at the time of sale. The purchase price was $2,275,000, representing $286 per square foot. The buyer was a private investor, represented by YK Limited Partnership of St. Louis, Missouri.

"Compared to average historical sales prices, $286 per square foot for the sale of a building built in the 1980s, shows that the retail investment market is still very active in Orange County," said Jeremy McChesney, a vice president at Hanley Investment Group. "At 71 percent occupancy at the time of the sale, this transaction illustrates that investors are purchasing well-located retail property even with vacancy," adds McChesney.

Hanley represented the seller in the sale of a 7-Eleven anchored strip center located at 11341 Riverside Drive in North Hollywood. Positioned at the signalized intersection of Riverside Drive and Camarillo Street, the property is a 9,518-square-foot multi-tenant strip center situated on 0.45-acres. The center is anchored by 7-Eleven and consists of five local and regional tenants. The property was built in 1983, and was 84 percent occupied at the time of sale. The purchase price was $3,775,000, representing a 7.45 percent cap rate and $396 per square foot.

"The sale of these two properties in today's market is a testimony to the fact that well-located strip shopping centers in Los Angeles and Orange County are in high demand. Based on the number of offers we received, I feel that values may stabilize sooner than expected for this product type," said Edward B. Hanley, president of Hanley Investment Group.

The buyer was Tong Whee Chun of Tustin, Calif., represented by Jay Kim of ERA New Star Realty & Investment based in Rancho Cucamonga, Calif.

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.

Hanley Investment Group Sells Single-Tenant Investment Occupied by One of the Hottest Retailers of the Year
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Forever 21 Ground Lease Investment Sells for $5,200,000 in Calexico, California

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 Carlos J. Lopez of 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.

The property is located at 1113 Imperial Highway West in Calexico, Calif., situated within a neighborhood shopping center anchored by Food 4 Less and Rite Aid. Built in 2007, Forever 21 occupies a 78,780-square-foot building on a 5.76-acre parcel of land. The building is leased and owned by Macerich Crossroads Plaza Holdings, LLC and is operated by Macerich, one of the country’s largest owners, operators and developers of major retail properties. Forever 21, a retail apparel chain that operates over 400 stores in the United States and Canada, is a subtenant occupying the building.

“It was one of the most unique and challenging transactions I have ever worked on,” said Carlos Lopez, senior vice president at Hanley Investment Group. “The complexity came in clarifying the chain of ownership to prospective investors.”

“It was an ideal investment for the buyer who was looking to purchase a single-tenant investment with minimal management responsibilities,” adds Lopez. “The buyer fulfilled a 1031 exchange requirement with the all-cash purchase and was able to close earlier than originally agreed upon.”

The buyer, John Choi of Los Angeles, Calif., purchased the property to fulfill a 1031 exchange requirement. Choi was represented by Bryan Sung from Ace Realty in Artesia, Calif. The seller was Calexico Retail Associates LLC.

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.

Hanley Investment Group Sells Multi-Tenant Retail Strip Center in Bellflower, CA for $2,106,000
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All-Cash Buyer Pays 6.63% Cap Rate for Property in Dense In-Fill Location

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 Kevin T. Fryman and Eric P. Wohl of Hanley Investment Group represented the buyer and seller in the sale of a multi-tenant retail strip center in Bellflower, Calif. The purchase price was $2,106,000, representing a 6.63 percent capitalization rate.

The 12,155-square-foot retail center, known as Bellflower Plaza, is located at 17141-17167 Bellflower Boulevard in Bellflower. Positioned at the on/off ramp to the 91 Freeway, the subject property is situated on a 0.66-acre lot and is located easily accessible from the 91, 105, 605 and 710 freeways. Built in 1980, Bellflower Plaza was 92 percent occupied at the time of sale.

“Despite current challenges in the economy, the sale of Bellflower Plaza is a prime example of the strong demand for well-located strip centers,” said Eric P. Wohl, a vice president at Hanley Investment Group. “There continues to be a consistent interest from investors in multi-tenant retail centers priced in the $1,000,000 to $3,000,000 range.”

“The buyer paid all cash for the property, which represents a very popular trend this year given today’s challenging financing market,” said Kevin T. Fryman, a vice president at Hanley Investment Group.

The buyer and seller are both private investors from Los Angeles, Calif.

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.