Hanley Investment Group Arranges $15 Million Sale of Grocery-Anchored Center in California

by Katie Sloan

Ukiah, Calif. — Hanley Investment Group has arranged the $15 million sale of Ukiah Crossroads, a 106,460-square-foot shopping center located in Ukiah.

Ed Hanley and Kevin Fryman of Hanley Investment represented the buyer, a San Pedro, California-based private investor, and the seller, Columbus Pacific Properties, in the 1031 exchange transaction. Raley’s Supermarkets anchors the 98 percent occupied center, which is also home to tenants including Dollar Tree, O’Reilly Auto Parts, Rue 21, Rent-A-Center, U.S. Cellular and Advance America. The purchase also included a developable 1.39-acre pad site. 

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