Hanley Investment Arranges $44.3 Million Sale of Lake Elsinore Marketplace in Southern California

by Katie Sloan

Lake Elsinore, Calif.— Hanley Investment Group Real Estate Advisors has arranged the $44.3 million sale of Lake Elsinore Marketplace, a 144,034-square-foot shopping center located in the Southern California city of Lake Elsinore.

Ed Hanley, Bill Asher and Kevin Fryman of Hanley Investment Group represented the seller, San Diego-based Diamond Development, in the transaction. Pacific Castle acquired the 95 percent occupied property. Anchored by Grocery Outlet, Dollar Tree and PetSmart, the center is home to tenants including Kirkland’s, AT&T, Chili’s Grill & Bar, The Coffee Bean & Tea Leaf, Del Taco, Dickey’s Barbecue Pit, EZ Lube, Great Clips, Navy Federal Credit Union, Panda Express, Pacific Dental, Popeyes, Wells Fargo Bank and Wendy’s. Costco and Lowe’s also shadow-anchor the property. 

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