California

Chino Hills, Calif. — Hanley Investment Group Real Estate Advisors has arranged the sale of two multi-tenant retail properties in Chino Hills for a combined $19.1 million. Ed Hanley, Bill Asher and Jeff Lefko of Hanley Investment Group represented the seller, VantageOne Real Estate Investments, in both transactions. The first transaction included the $11.4 million disposition of Chino Hills Grand Plaza to a Burbank, California-based private investor. The 12,948-square-foot retail building was leased to First Citizens Bank, Pacific Dental Services, It’s Boba Time and Pick Up Stix at the time …

Palm Desert, Calif. — Hanley Investment Group Real Estate Advisors has arranged the sale of three retail pad properties at Monterey Crossing shopping center in Palm Desert, roughly 35 miles outside Joshua Tree. Bill Asher and Jeff Lefko of Hanley Investment Group represented the seller, Fountainhead Development, in all three transactions. Located at the Interstate 10 and Monterey Avenue interchange, the three properties sold for a combined $15.7 million. The first transaction included the $7.2 million sale of a 4,738-square-foot Chick-fil-A with a double-lane drive-thru that is scheduled to open …

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.

Million Viejo, Calif. — Gerrity Group has completed the disposition of Gateway Center, a retail center in Orange County’s Mission Viejo. San Jose-based DJM Capital acquired the asset for $39.5 million. Completed in 1979, Gateway Center features 79,001 square feet of retail space. Current tenants include Starbucks Coffee, Cold Stone Creamery, Subway, Baja Fresh, Happy Minds Academy, Oggi’s and San Diego Credit Union. The property is located on 7.3 acres at 23972-24042 Alicia Parkway. Gleb Lvovich, Bryan Ley and Geoff Tranchina of JLL Retail Capital Markets represented the seller in …

Murrieta, Calif. — Hanley Investment Group Real Estate Advisors has negotiated the sale of a single-tenant retail property located in Murrieta. A San Diego-based private partnership sold the building to Los Angeles-based Anza Drive Properties for $8.5 million. Smart & Final Extra occupies the 20,750-square-foot property, which is situated at the intersection of Madison Avenue and Los Alamos Road, on a net-lease basis. The building was built in 2003. Bill Asher and Jeff Lefko of Hanley Investment Group represented the seller, while Kris Hons of Glendale, California-based Stevenson Real Estate …

Los Angeles — Weiss Development has completed the disposition of Brentwood Shopping Center, a retail property located at 11674-11690 San Vicente Blvd. in Los Angeles. Fields Holdings acquired the asset for $30 million in an off-market transaction. Tenants at the 14,789-square-foot center include Chipotle, Juice Crafters, Planet Beauty, Juan Juan Salon, Coffee Bean & Tea Leaf, Harry’s Wine and Spirits, Winston Pies and Claudio D’Italio. Bill Bauman and Kyle Miller represented the seller in the deal.