Investment sales

Rosamond, Calif. — Hanley Investment Group Real Estate Advisors has arranged the sale of four single-tenant, net-leased retail properties at a shopping center in Rosamond for a combined $19.3 million. Four separate buyers acquired the properties, which feature a combined total of 28,462 square feet and were built in 2021. Bill Asher and Jeff Lefko of Hanley Investment Group represented the developer and seller, a partnership between Halferty Development Co. and Net Lease Alliance. In the first transaction, Asher and Lefko brokered the sale of a 16,000-square-foot Grocery Outlet-occupied property …

Brea, Calif. — Brixmor Property Group has purchased Brea Gateway Center, a 181,891-square-foot retail center located at 101-407 W. Imperial Highway in Brea. An institutional investor sold the property for $85.7 million. At the time of sale, the center was 98 percent occupied by tenants including Ralphs, HomeGoods, Cost Plus World Market, Mattress Firm, Taco Bell and Panda Express. Gleb Lvovich, Bryan Ley, Geoff Tranchina and Daniel Tyner of JLL Retail Capital Markets represented the seller in transaction.

Santa Maria, Calif. — NewMark Merrill Cos. has acquired North Broadway Plaza, a 97,555-square-foot retail center located at the NE corner of N. Broadway & E. Grant St. in Santa Maria. Reza Investment Group represented NewMark Merrill and the undisclosed seller in the acquisition. North Broadway Plaza has tenants including Food Maxx, CVS/pharmacy, Goodwill, Chase and Verizon Wireless.