Hanley Investment Group Arranges Sale of Canyon Center Near Salt Lake City

by Camren Skelton

Sandy, Utah — Hanley Investment Group Real Estate Advisors has arranged the sale of Canyon Center, a 47,866-square-foot, Smith’s Grocery-anchored shopping center in Sandy, located 18 miles south of Salt Lake City.

Bill Asher, Kevin Fryman and Edward Hanley of Hanley Investment Group arranged the transaction on behalf of the seller, Pacific Canyon Center LLC. Greg Swedelson and Jon-Eric Greene of SSG Realty Partners represented the buyer, a local investor. Other terms of the deal were not disclosed. In addition to Smith’s Grocery, Canyon Center is home to a Smith’s gas station, Wells Fargo and Wendy’s, which are all stand-alone pad sites within the center. The property also houses 38,000 square feet of active lifestyle and daily needs retail tenants. Canyon Center was 80 percent leased at the time of sale.

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