California

Madera, Calif. — Hanley Investment Group Real Estate Advisors has negotiated the $12.2 million sale of a newly constructed, single-tenant retail property located in the San Joaquin Valley city of Madera. The property spans 4,644 square feet and is occupied by a 7-Eleven convenience store and gas station, with commercial diesel fueling lanes. This transaction marks the highest‑priced, single‑tenant 7‑Eleven property ever sold in California and the first and only 7‑Eleven location in the city, according to Hanley. Sean Cox and Bill Asher of Hanley Investment Group Real Estate Advisors represented …

Ontario, Calif. — Progressive Real Estate Partners has brokered the $2.8 million sale of a freestanding restaurant building located in Ontario. Wienerschnitzel fully occupies the 2,739-square-foot building, which was built in 1998 and renovated in 2017. Lance Mordachini and Greg Bedell of Progressive Real Estate Partners represented the buyer, while David Lin of KoTai Commercial represented the seller, both private investors.

Los Angeles — Pegasus has arranged the $6.5 million sale of Laemmle NoHo 7, a 32,809-square-foot theater-anchored retail and office property in the North Hollywood neighborhood of Los Angeles. David Chasin of Pegasus represented the buyer, a locally based investor group led by the Laemmle family — founders and operators of Laemmle Theatres. Located at 5240 Lankershim Blvd. in the NoHo Arts District, the property was originally constructed in 2011. The acquisition was completed as part of a 1031 exchange following the disposition of a former theater property previously owned …

Escondido, Calif. — Brixton Capital has acquired Escondido Gateway Shopping Center, an 89,252-square-foot retail center located in Escondido, approximately 30 miles northeast of downtown San Diego, for $28 million. Phil Lyons and Vince Provenzano of Cushman & Wakefield represented the seller, Del Mar, California-based Mountain Pacific Properties, in the off-market transaction. Brixton Capital represented itself. Built in 2003, Escondido Gateway Shopping Center spans four buildings and features a mix of tenants including Barnes & Noble, Michaels, Columbia Bank and Cocina del Charro, among others. The property was 96.8 percent occupied at …

Pomona, Calif. — Progressive Real Estate Partners has brokered the $2.6 million sale of Valley Plaza, an 11,720-square-foot, multi-tenant retail property located in Pomona, approximately 30 miles east of downtown Los Angeles. Built in 1993, Valley Plaza was fully leased at the time of sale to tenants such as Maria’s Taco/Panaderia Jaliscos, Pomona Water & Ice, Pearl Dental Care and Curry Time. Trinnie Lee of Progressive Real Estate Partners represented the seller, a private investor, while Mark Wilson of Channel Investment Group represented the buyer, also a private investor, in …