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06

Hanley Brokers Well-Anchored Retail Center Deal

By Tony Seruga

The 42,134-square-foot shopping center is located in Santa Clarita, Calif., and boasts a 96 percent occupancy. The anchor tenant is a CVS store with a stand-alone drive-thru pharmacy.

Hanley Investment Group continues to be very active in the Los Angles Metro area. After having recently closed several retail deals in Riverside, Lake Elsinore and Corona, Calif., the firm brokered a new transaction in Santa Clarita, Calif. The 42,134-square-foot Seco Canyon Village changed hands for $15.5 million, being bought by a family trust based in Beverly Hills.

Hanley’s President Ed Hanley and Executive Vice President Kevin Fryman represented both the seller, a private investor, and the 1031 exchange buyer in the deal. Since 2005 when the shopping center was completed, the property has been anchored by a CVS store with a drive-through pharmacy component, which makes it a valuable asset…

Hanley Brokers Well-Anchored Retail Center Deal

Categories : Commercial Real Estate

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