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04

Hanley Arranges $22M Inland Empire Retail Sale

By Tony Seruga

The 62,952-square-foot newly remodeled regional shopping center in Riverside, Calif., was 98 percent occupied at the time of the sale. Only eight shopping centers in the Inland Empire changed hands for more than $20 million in the past 12 months.

Hanley Investment Group Real Estate Advisors negotiated the sale of Michaels Plaza, a 62,952-square-foot, newly remodeled regional shopping center in Riverside, Calif. An affiliate of San Francisco-based The Krausz Cos. Inc. sold the property for around $22.2 million. The property was 98 percent occupied at the time of the sale…

Hanley Arranges $22M Inland Empire Retail Sale

Categories : Commercial Real Estate

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