Hanley Investment Group Sells Shopping Center in Trussville, Alabama

Hanley Investment Group Sells Grocery-Anchored Shopping Center in Birmingham, Alabama Suburb

IRVINE, CALIF. – Hanley Investment Group Real Estate Advisors, one of the most dominant retail investment groups and a market leader in the sale of retail properties, announced today that Kevin T. Fryman of Hanley Investment Group represented the seller in the purchase of a 67,325-square-foot grocery-anchored shopping center in the Birmingham suburb of Trussville, Alabama. The purchase price was not disclosed.

Situated on 9.7 acres, the single-building retail property, known as Trussville Marketplace, is located at 445-465 Main Street in Trussville in Jefferson County. Ideally situated on Main Street (US 11), Trussville Marketplace is a prominent, grocery-anchored neighborhood shopping center that features an excellent mix of national/regional credit tenants including: Winn Dixie, Dollar Tree, Domino’s Pizza, Great Clips and The UPS Store. The property was built in 1998 and was 98 percent occupied at the time of sale.

The seller was NC/Trussville, LLC. The buyer was a private investor in Newport Beach, Calif.

“The buyer was attracted to the investment due to the security of the anchors of Winn-Dixie and Dollar Tree, as well as, the fact 86 percent of the tenants had been located at the center since it was built in 1998,” said Kevin Fryman, vice president at Hanley Investment Group.

“The buyer assumed a loan that allowed them to pay down a significant portion of the outstanding balance by the time the loan was due. This was an especially attractive selling point in today’s lending environment where buyers are concerned about future refinance risk,” adds Fryman. “We continue to see a tremendous amount of interest from California investors who are willing to look outside of the state for quality investments due to the lack of inventory and higher returns.”

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 Represents Ashley Furniture in Purchase of Former Circuit City Building in Hawthorne

COLTON, CALIF. – Inland Empire-based Hodgdon Group Realty Inc. announced today that Aaron Hodgdon represented Ashley Furniture Industries, Inc. in the acquisition of a former Circuit City building in Hawthorne, California. The Hodgdon companies have been working with Ashley for a decade on various real estate and construction projects. Scott Kaplan, Senior Vice President with CB Richard Ellis in Anaheim, Calif., assisted Hodgdon with the sale transaction. Richard Rizika, Executive Vice President with CB Richard Ellis in El Segundo, Calif., represented the seller, WhiteFire Capital, LLC of New York, NY and the Tabani Group, Inc. of Dallas, Texas. The purchase price could not be disclosed.

Located in the South Bay area of Los Angeles County at 14600 Ocean Gate Avenue in Hawthorne, the 33,952-square-foot retail building faces the 405 Freeway, and is just off of Rosecrans Avenue, a major thoroughfare and freeway off ramp.

“Although the real estate market is still challenging, it has provided a great opportunity for Ashley, the No. 1 retailer and manufacturer of furniture in North America, to acquire vacant big box space such as this former Circuit City building and transform them into great showrooms,” said Aaron Hodgdon, President of Hodgdon Group Realty Inc. “We are currently negotiating on several new locations in Southern California and are continuing to look for more value-add opportunities to buy or lease.”

The Hodgdon Group represents Ashley Furniture Industries on the west coast and recently negotiated the following transactions on behalf of Ashley: the purchase of 439,000 square feet of industrial space in Colton, Calif., one of the largest user‐sale transactions in Southern California in 2009; the purchase of a former Wickes Furniture in Victorville; and the lease of 42,000-square-feet for a HomeStore in Palmdale, Calif. As part of its brokerage service, the Hodgdon Group performs complete due diligence review and coordination on behalf of its clients for the property acquisition.

The Hodgdon Group is a full-service real estate brokerage, development and construction management company for all of types of real estate projects. For more information about the Hodgdon Group, please call Aaron Hodgdon at 909.783.3020.

Coreland Companies Negotiates Leases with Planet Fitness and Phoenix Group Information Systems
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Retail and Office Leases Valued at More than $3 Million

TUSTIN, CALIF. – Coreland Companies of Tustin, Calif., one of the largest private real estate service companies based in California, announced that its leasing / sales division has negotiated two leases in Southern California for a total value of more than $3 million.

In the City of Anaheim, Coreland negotiated a 20,362-square-foot, 10-year retail lease with Planet Fitness, a franchise-driven health club, at Euclid Shopping Center, located at the southeast corner of Euclid Street and Katella Avenue at 1620 W. Katella Avenue. The lease transaction, which is valued at approximately $2.0 million, brings the 206,100-square-foot community center to 100 percent occupied. Planet Fitness, which is expected to open in June 2010, will join anchors Food 4 Less, Big Lots and CVS/pharmacy. As the exclusive leasing agent for Euclid Shopping Center, Matt Hammond of Coreland Companies represented the landlord, Euclid Shopping Center, LLC, a private family trust located in San Diego. Garrett Colburn and Steve McClurkin of Grubb & Ellis in Newport Beach represented the tenant.

"There are still some very active retailers and categories doing deals in Southern California, and fitness is one of them," notes Hammond. "And this is one of a handful of fitness deals we are currently working on."

In addition, Coreland negotiated a 7,193-square-foot, 72-month lease with Phoenix Group Information Systems, a California Corporation, at the Main Street Town Center, a 215,000-square-foot Class A office building located at 2677 Main Street in Santa Ana. The lease is valued at over $1.0 million. The Phoenix Group, which will join Aetna and Morgan Stanley as tenants, will take possession of the office space in April 2010. As the exclusive leasing agent for the Main Street Town Center, David Girty and Steven Hogberg of Coreland Companies represented the landlord, The Muller Company of Laguna Hills, Calif., a full service real estate management company specializing in the management, investment and development of commercial real estate in the western United States. Marshal Vogt and George Thompson of Lee & Associates of Orange represented the Phoenix Group.

"The Phoenix Group is a 20+ year-old company with over 200 municipal, institutional, law enforcement, and private clients served throughout the United States," said Hogberg. "After an exhaustive 12-month search, the Phoenix Group selected Main Street Town Center in order to relocate to a Class A high-rise office building with first-class building ownership and management."

Adds Hogberg, "This lease brings us to over 87 percent occupied with less than 25,000 square feet of space remaining to lease at Main Street Town Center. Clearly, now more than ever, well-positioned assets with a strong amenity base make a difference, especially in a market currently challenged with a 20+ percent vacancy."

Coreland Companies is a full-service commercial real estate company with expertise in retail, office and industrial properties. Coreland Companies is based in Tustin, California with offices in Utah and throughout Southern California. For more information, please call the company’s headquarters at (714) 573-7780 or visit www.coreland.com.

Hanley Investment Group Sells Winn-Dixie Supermarket and CVS/pharmacy Anchored Shopping Center in Mobile, AL

IRVINE, CALIF. – Hanley Investment Group Real Estate Advisors, one of the dominant retail investment groups in the nation and a market leader in the sale of retail properties, announced today that Kevin T. Fryman represented the buyer and seller in the sale of a Winn-Dixie supermarket and CVS/pharmacy anchored shopping center in Mobile, Alabama. The sale price could not be disclosed.

Hillcrest Marketplace is a 76,364-square-foot neighborhood shopping center located at 6300 Grelot Road in Mobile. Situated on 11.83 acres, Hillcrest Marketplace was built in 1997 and was 98% occupied at the time of sale. Tenants in the sale included: Winn-Dixie, CVS/pharmacy, Firehouse Subs, Hallmark, Hershey’s Ice Cream, Little Caesars, and VIP Nail & Tanning Salon.

“The buyer purchased a quality grocery/drug anchored shopping center in an excellent location,” says Kevin T. Fryman, a vice president at Hanley Investment Group. “The combination of both Winn-Dixie and CVS occupying space at the property since it was built in 1997, and both anchor tenants featuring above average store sales, were significant selling points in generating multiple offers on the sale of the property,” says Fryman.

“The property also garnered a high level of interest due to Winn-Dixie’s plan to renovate the interior of the store at this location this year,” adds Fryman. “On average, historical statistics have showed that when Winn-Dixie remodels a store, the location experiences sales growth of 15% - 20% after completion. This provided the buyer with the additional confidence that they were acquiring a very secure investment.”

Fryman notes the buyer assumed an existing loan that required a 45% down payment.

The buyer was a private investor from Atlanta, Georgia. The seller was Lamar Companies from Littleton, Colorado.

Fryman is currently selling a similar property in Trussville, Alabama, anchored by Winn-Dixie at a 10.71% capitalization rate. Please visit www.hanleyinvestment.com for further details or contact Kevin Fryman directly at 949.585.7674 to learn more about the Trussville Marketplace.

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 for $1,970,000 in Bellflower, Calif.
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Nine Offers Received in the First Two Weeks

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 seller in the sale of a multi-tenant retail strip center in Bellflower, Calif. The purchase price was $1,970,000, representing a 7.37% capitalization rate.

The 9,171-square-foot multi-tenant strip center, known as Alondra Plaza, is located at 9345-9361 Alondra Boulevard in Bellflower. Positioned at the signalized intersection of Alondra Boulevard and Clark Avenue, the subject property is situated on a 0.50-acre lot and is located easily accessible from the 91, 105, 605 and 710 freeways. Built in 1979, Alondra Plaza was 100% occupied at the time of sale and included tenants Advance America and Domino’s Pizza.

“The buyer pool for multi-tenant strip centers in southern California of this size and scope remains strong,” said Kevin T. Fryman, a vice president at Hanley Investment Group.“We generated nine offers in the first two weeks of marketing the property, showing the high demand for this type of asset in today’s market.”

“The third quarter has shown an increase in buyer activity as more buyers and more offers are being generated on both single- and multi-tenant retail properties in southern California,” said Eric P. Wohl, a vice president at Hanley Investment Group. “How long this increase in activity is going to last is the big question, but for now it is a positive sign in a year that has been challenging in the commercial real estate sector.”

The buyer was a private investor from Los Angeles, Calif., represented by John Son at Lee & Associates in Orange, Calif. The seller was a private investor based in 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.

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.

Hanley Investment Group Sells Multi-Tenant Retail Strip Center for $3,800,000 in Riverside, California
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Buyer Assumes Existing Loan on Purchase of 7-Eleven Anchored Retail Center

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 Jeremy S. McChesney of Hanley Investment Group represented the buyer and seller in the sale of a multi-tenant retail strip center in Riverside, Calif. The purchase price was $3,800,000.

The 34,644-square-foot shopping center, known as Copper Lantern Center, is located at 8151-8201 Arlington Avenue in Riverside. Positioned at the signalized intersection of Arlington Avenue and Copper Lantern Drive, the subject property is a 3.40-acre multi-tenant strip center. Copper Lantern Center is anchored by 7-Eleven and consists of 19 local and regional tenants. The property was built in 1980, and was 80 percent occupied at the time of sale.

"Hanley Investment Group successfully facilitated the buyer's assumption of an existing loan, including a substantial pay down of the current note," said Jeremy McChesney, a vice president at Hanley Investment Group.

"It was a unique transaction that had a number of challenging deal points," notes McChesney. "We worked through each deal point to develop mutually-beneficial solutions for the buyer and seller and were able to close escrow in a timely manner."

The buyer was Sunnycreek LLC of Los Angeles, Calif. The seller was Copper Lantern Holdings of Orange, 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 Closes Four Southern California Retail Property Sales Totaling $12,640,000
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Two NNN Fresh & Easy Markets, a Retail Strip Center & Prime REO Property Trade Hands

IRVINE, CALIF. – Hanley Investment Group Real Estate Advisors, one of the dominant retail investment groups in Southern California and a market leader in the sale of retail properties, announced today that Hanley Investment Group negotiated the sale of two separate NNN Fresh & Easy Neighborhood Market transactions and a multi-tenant retail strip center. Additionally, HI Urban Retail Advisors, a retail investment division of Hanley Investment Group specializing in the sale and advisory of high profile mixed-use and urban retail properties, negotiated the sale of a bank-owned street-front retail building. All four properties were located in Southern California and totaled $12,640,000.

Carlos J. Lopez, president of HI Urban Retail Advisors, represented the buyer in the sale of a 24,925-square-foot street-front building located at the signalized intersection of 3rd Street and Pine Avenue in the heart of Downtown Long Beach. The bank-owned property consists of 23,050 square feet of ground-floor retail space and 1,875 square feet of second story office/loft space. Originally built in 1930 and later renovated in 1945, the subject property was 94% vacant at the time of sale. Starbucks was the only tenant that occupied space at the property at the close of escrow. The purchase price was $3,500,000. The buyer was a family trust from Long Beach. The seller was Vineyard Bank based in Corona, Calif.

"It was a unique bank-owned opportunity in this current market given its high-profile downtown urban location," said Lopez. "The current market has not presented many REO retail opportunities yet, specifically with as strong a location as 3rd Street and Pine Avenue in Long Beach."

Hanley Investment Group also negotiated the sale of the fee-simple ownership in the land leased to a single-tenant NNN Fresh & Easy Neighborhood Market in two separate locations in Southern California, one in Loma Linda and the other in Riverside. Fresh & Easy is a subsidiary of Tesco, the second largest retailer in the world. Tesco is the largest retailer in the United Kingdom and operates over 3,200 stores across 12 countries.

In the Loma Linda, Edward B. Hanley represented the buyer and seller in the sale of a single-tenant Fresh & Easy Neighborhood Market. The purchase price was $2,865,000. The 15,000-square-foot single-tenant Fresh & Easy Neighborhood Market is located at 25694 Redlands Boulevard in Loma Linda. Positioned at the signalized intersection of Redlands Boulevard and Mountain View Avenue, the property is situated on 2.1 acres and was built in 2009. The buyer was Downtown Gateway, a California limited partnership based in Los Angeles, Calif. The seller was MV Investors, Inc., also from Los Angeles.

“We generated six offers very quickly from our marketing efforts,” said Hanley. “Investors in today’s market are driven more than anything on location, which was a significant reason this property had so much interest when we brought it to market.”

“The building is situated at a hard corner signalized location that features average daily traffic counts of over 42,000 cars per day, and is adjacent to Interstate 10 freeway where average daily traffic counts at the Mountain View Avenue exit are 400,000 cars per day,” Hanley noted. “Additionally, with the property being located within an affluent residential neighborhood, the buyer acquired an asset well-positioned for long-term success.”

In Riverside, Hanley and William B. Asher represented the seller in the sale of the fee-simple ownership in the land leased to a single-tenant NNN Fresh & Easy Neighborhood Market. The purchase price was $2,475,000. The Fresh & Easy Neighborhood Market is located at 8765 Trautwein Road in Riverside situated within Orangecrest Towne Center, a community shopping center anchored by Kohl's. Built in 2007, Fresh & Easy occupies a 14,500-square-foot free-standing building situated on a 1.41-acre parcel of land. The buyer, who fulfilled a 1031 exchange requirement with the purchase, was Third Street Plaza LLC from Long Beach, represented by A.J. Nay and Kurt Schneiter at Maverick Investments, also from Long Beach. The seller was HEC - Orangecrest LLC from Newport Beach, Calif.

"The buyer pool for single-tenant retail investments remains strong," Hanley said. "There is still a substantial amount of capital in today’s market looking for secure and stable, single-tenant investments with long-term leases and minimal management responsibilities. This Fresh & Easy sale is a prime example."

"We had a lot of interest in the property due to the quality of the location and the fact that Fresh & Easy had been operating at the site for close to two years," said William B. Asher, managing director of Hanley Investment Group. "The average household income is in excess of $113,000 within a three-mile radius. The combination of the affluent demographics in the immediate area and an initial 20-year NNN lease term for Fresh & Easy made it an ideal fit to achieve the buyer’s investment objectives."

Asher added, "Through our strategic marketing efforts, we were able to procure an all-cash buyer that closed escrow in 20 days."

Also in Riverside, Jeremy S. McChesney of Hanley Investment Group represented the buyer and seller in the sale of a multi-tenant retail strip center at the signalized intersection of Arlington Avenue and Copper Lantern Drive. The purchase price was $3,800,000. The 34,644-square-foot shopping center, known as Copper Lantern Center, is located at 8151-8201 Arlington Avenue in Riverside. The 3.40-acre strip center is anchored by 7-Eleven and consists of 19 local and regional tenants. The buyer was Sunnycreek LLC of Los Angeles, Calif. The seller was Copper Lantern Holdings of Orange, Calif.

About HI Urban Retail Advisors
HI Urban Retail Advisors is a retail investment division of Hanley Investment Group Real Estate Advisors specializing in the sale and advisory of high profile mixed-use and urban retail properties in dynamic commercial districts across the United States. Built on unsurpassed dedication and an impressive track record of performance and results, HI Urban Retail Advisors consistently exceeds client expectations through its unparalleled, comprehensive knowledge of urban retail from a national and global perspective.

Whether it is situated in a well-located, dynamic commercial district, or in conjunction with a mixed-use project, urban retail is a very specific product type within the overall retail marketplace. HI Urban Retail Advisors guides clients in attaining the highest returns through its exceptional experience and responsive team that thoroughly comprehends this unique and growing market segment. HI Urban Retail Advisors utilizes its innovative expertise to lead property owners through complex issues relating to land use and the progressive revitalization of high density urban areas to effectively help clients understand the significant characteristics of each urban retail asset and its optimum positioning and value.

HI Urban Retail Advisors works closely with investors to develop and maintain long-term relationships and has successfully accumulated a highly targeted database of mixed-use and urban retail property investors and owners from every major urban market in the country that is unmatched in the industry. HI Urban Retail Advisors' concentrated expertise and exclusive focus on mixed-use and urban retail properties translate into measurable results and is the reason that clients rely on HI Urban Retail Advisors to be the most dependable source for valuation services, market information and urban retail investment sales. For more information, visit the Company's website at www.hiurbanretail.com or call (949) 585-7610.

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.

Coreland Companies Adds Two Industry Veterans & Promotes Others In Brokerage Division
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David Girty hired as Director, Office Brokerage Matthew Hammond promoted to Director, Retail Brokerage

Benjamin Terry hired as Senior Associate, Retail Brokerage Bryan Bauer elevated to Senior Associate

TUSTIN, CALIF. - Coreland Companies of Tustin, Calif., one of the largest real estate service companies based in California, announced today it has significantly enhanced its Brokerage division to oversee the firm's continued growth in the retail and office market sectors. David T. Girty, a 20+ year veteran of the commercial real estate industry in Orange County and most recently a Senior Vice President with Grubb & Ellis, joins Coreland as Director, Office Brokerage, while Matthew Hammond, a retail specialist and 11-year veteran at Coreland, is promoted to the role of Director, Retail Brokerage. Additionally, former Leasing Director of Red Mountain Retail Group, Benjamin Terry, joins Coreland as Senior Associate, Retail Brokerage. Bryan Bauer, entering his sixth year with Coreland's Retail Brokerage team, is promoted to Senior Associate, Retail Brokerage.

"Coreland continues to grow and expand during this current cycle and we are thrilled to be adding and recognizing highly experienced dealmakers that will assist us in servicing our existing clientele as well as expanding our opportunities to work with both private and institutional property owners," says Coreland Companies' President and Co-founder Chris Hite.

In their new position as a Director, Girty and Hammond will play pivotal roles in overseeing the brokerage teams in the marketing and leasing of Coreland's rapidly growing office and retail portfolios, while identifying new third-party assignments in southern California. "David Girty and Matt Hammond's extensive experience will provide focused direction to Coreland's expanding office and retail leasing teams. Senior Associates Ben Terry and Bryan Bauer will play key roles in servicing the department's southern California retail portfolio and greatly enhance our ability to aggressively market the portfolio and identify new tenants for our client’s projects," says Steven Hogberg, Senior Vice President of Coreland's Brokerage division.

Girty joins Coreland after serving as Senior Vice President of Grubb & Ellis' Commercial Office Division for nearly three years, where he was responsible for landlord and tenant representation in the greater Orange County market. Prior to Grubb & Ellis, Girty held executive posts with other prominent firms such as Transwestern Commercial Services, where he served as Senior Vice President for six years. While at Transwestern, Girty represented 300 sale and lease transactions totaling over five million square feet with a combined consideration of over $900 million. Previously, he was with PM Realty Group and Cushman & Wakefield. Girty is a member of NAIOP and Co-Chairman of the South Coast (California) Metro Alliance, Commercial Properties Group.

"David Girty's long-standing relationships and exceptional experience representing institutional real estate companies in office leasing, purchases and asset management will provide Coreland with new and expanded leasing, sales and management opportunities," Hogberg adds. “Girty will oversee and expand the division's office leasing and representation in the metropolitan southern California marketplace with further emphasis on distressed asset opportunities."

Hammond, in his new role as Director, Retail Brokerage, will utilize his 11-year record of accomplishments to direct the Retail Brokerage Team to achieve further growth. Hammond has been Coreland's top producer for eight years in a row and has been honored with CoStar Group's "Power Broker" Award as a Top Retail Leasing Broker in Orange County for each of the last three years. Hammond specializes in the leasing of community and neighborhood shopping centers and focuses his marketing efforts on regional/national chain tenants as well as local tenants utilizing his longstanding relationships and the Coreland Companies' leasing and sales network.

Terry joins the Coreland team after a nearly four-year association as Leasing Director at Red Mountain Retail Group. Terry oversaw the marketing and leasing of a portion of Red Mountain's four million-square-foot retail portfolio and was directly responsible for negotiating hundreds of new lease transactions. Terry brings extensive leasing experience and has completed transactions with TJ Maxx, Pier 1 Imports and Fresh & Easy. Prior to Red Mountain, he was a Senior Associate at Marketing Brokers Commercial Real Estate, where he was responsible for the sale and leasing of retail commercial real estate. Both Terry and Girty will be based in the Coreland's Tustin office.

Coreland's Bauer, promoted to Senior Associate, Retail Brokerage, represents owners in the leasing and sales of retail shopping centers and has established and services a portfolio of retail properties totaling approximately three million square feet throughout southern California. He has completed transactions with national and local tenants totaling in excess of $15 million of lease consideration, and averages over 50 transactions per year. He has been honored with CoStar Group's "Power Broker" Award as a Top Retail Leasing Broker in Orange County for each of the last three years.

"We are extremely excited to add these seasoned real estate professionals to our team, especially as our portfolio continues to expand with new opportunities from institutional owners, distressed assets and our receivership work," adds Hogberg. "Further, the addition and key promotions of our highly valued professionals and real estate experts demonstrate our company's on-going commitment to strengthening our leasing presence and extending our reach, which are key to achieving our goal of becoming the largest privately-held commercial real estate service company based in California."

About Coreland Companies
Coreland Companies is a full-service commercial real estate company with expertise in retail, office and industrial properties. Coreland Companies is based in Tustin, California with offices in Utah and throughout Southern California. For more information, please call the company's headquarters at (714) 573-7780 or visit http://www.coreland.com/.