Hanley Investment Group Arranges $72.5M Sale of Shopping Center in Metro Los Angeles

Stevenson Ranch, Calif. — Hanley Investment Group Real Estate Advisors has arranged the sale of Stevenson Ranch Plaza, a 187,035-square-foot shopping center located in the Los Angeles suburb of Stevenson Ranch, for $72.5 million.

Ed Hanley and Kevin Fryman of Hanley Investment Group represented the buyer, InvenTrust Properties Corp., and the seller, a Los Angeles-based private investor, in the transaction.

The 97 percent occupied center is home to tenants including anchors Ralphs, LA Fitness, PetSmart and Stein Mart. Other tenants include David’s Bridal, Guitar Center, Yamato Restaurant and FedEx Office.