PRLog - July 7, 2011 - IRVINE, 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 that the firm is now marketing for sale a portfolio of four shopping centers in southern California in Hawaiian Gardens, Lancaster, Mission Viejo and Oxnard. Consisting of approximately 513,070 total square feet, the four properties are offered for sale unpriced and can be purchased individually or as a portfolio.
Lancaster Commerce Center
“It’s a unique and exciting retail investment opportunity in today’s market,” said Edward B. Hanley, president of Hanley Investment Group. “In a time where a majority of investors are seeking shopping centers with a value-add component, specifically southern California, this portfolio offers a rare opportunity to acquire four extremely well located shopping centers that all contain upside potential to increase rents and lease-up existing vacancy.”
“These types of retail assets with some form of a value-add component are highly sought-after in today’s market,” adds Hanley. “Even though the supply of available properties on the market has appeared to increase in the last couple of months, we believe this portfolio will gain a lot of interest based on the lack of similar retail properties available in southern California and the steady demand of pent-up capital starving for retail properties with upside.”
The portfolio consists of two centers in Los Angeles County. The largest in the offering known as Lancaster Commerce Center is a 290,428-square-
The other Los Angeles County offering is Hawaiian Gardens Town Center, a 78,815-square-
In Orange County, Oaktree Village is a 79,406-square-
Lastly in Ventura County, Vineyard Plaza is a 64,421-square-
Hanley Investment Group’s team of Edward B. Hanley, Kevin T. Fryman, William B. Asher and Eric P. Wohl are representing the seller, a partnership between a private fund managed by Urdang Capital Management, Inc., based in Plymouth Meeting, Pennsylvania, and Cadence Capital Investments out of Greenwood Village, Colorado. For further information please visit www.hanleyinvestment.com.
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 three 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.