{"id":1004238089,"date":"2018-06-27T07:14:19","date_gmt":"2018-06-27T15:14:19","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004238089"},"modified":"2022-12-09T01:06:58","modified_gmt":"2022-12-09T09:06:58","slug":"hanley-investment-voit-arrange-10m-sale-of-ca-shopping-center","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/hanley-investment-voit-arrange-10m-sale-of-ca-shopping-center\/","title":{"rendered":"Hanley Investment, Voit Arrange $10M Sale of CA Shopping Center"},"content":{"rendered":"<p>By IvyLee Rosario<\/p>\n<div id=\"attachment_1004238104\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/RC-Plaza_sm.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004238104\" data-attachment-id=\"1004238104\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/hanley-investment-voit-arrange-10m-sale-of-ca-shopping-center\/rc-plaza_sm\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/RC-Plaza_sm.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;7.1&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;NIKON D7000&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1438214400&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;18&quot;,&quot;iso&quot;:&quot;250&quot;,&quot;shutter_speed&quot;:&quot;0.00125&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"RC Plaza_sm\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;RC Plaza, Rancho Cucamonga, Calif. &lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/RC-Plaza_sm.jpg?w=800\" class=\"wp-image-1004238104 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/RC-Plaza_sm.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/RC-Plaza_sm.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/RC-Plaza_sm.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/RC-Plaza_sm.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004238104\" class=\"wp-caption-text\">RC Plaza, Rancho Cucamonga, Calif.<\/p><\/div>\n<p>Hanley Investment Group Real Estate Advisors, in a partnership with Voit Real Estate Services, has arranged the $9.8 million sale of RC Plaza, a neighborhood shopping center in Rancho Cucamonga, Calif.&nbsp;<\/p>\n<p><em>\u201cWe generated a tremendous amount of interest due to the shopping center\u2019s value-add investment attributes,\u201d<\/em> said Bill Asher, executive vice president at Hanley, in a prepared statement. <em>\u201cThe asset featured an overall low price per square foot, below-market rents as well as a stand-alone Starbucks building positioned on a separate parcel, offering the future flexibility to sell off separately as a net leased asset.\u201d<\/em><\/p>\n<p>Constructed in 1984, the property features nine retail buildings across three acres. RC Plaza comprises 37,239 square feet and is home to tenants such as Starbucks and Pizza Hut. A total of 71 percent of the current tenants have occupied the space for the last six years. Starbucks built a drive-thru in 2006 and signed a new 10-year lease extension in 2015. The property also includes an additional 15,717-square-foot building that is separately owned and was not part of the overall sale.&nbsp;<\/p>\n<p>Asher and President Ed Hanley, along with Voit&#8217;s Vice President Joe Miller, represented the private seller. Ophir Management Services Inc.&#8217;s Broker Eric Treibatch, represented the private buyer.&nbsp;<\/p>\n<p>Hanley has had a busy start to 2018, with a number of retail transactions under its belt. Last month, the company <a href=\"https:\/\/www.commercialsearch.com\/news\/hanley-investment-completes-sale-of-la-retail\/\">arranged the $8.3 million sale<\/a> of&nbsp;a 6,777-square-foot retail pad building in Baldwin Park, Calif.&nbsp;<\/p>\n<p><em>Image courtesy of Hanley Investment Group Real Estate Advisors&nbsp;<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>RC Plaza in Rancho Cucamonga features nine retail buildings totaling 37,239 square feet. Current tenants include Starbucks and Pizza Hut. <\/p>\n","protected":false},"author":746,"featured_media":1004238104,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,1594,21742,21749,15],"tags":[33902,32833],"class_list":["post-1004238089","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-los-angeles","category-latest","category-retail","category-west","tag-hanley-investment-group","tag-voit-real-estate-services"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Hanley Investment, Voit Arrange $10M Sale of CA Shopping Center - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/hanley-investment-voit-arrange-10m-sale-of-ca-shopping-center\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hanley Investment, Voit Arrange $10M Sale of CA Shopping Center\" \/>\n<meta property=\"og:description\" content=\"RC Plaza in Rancho Cucamonga features nine retail buildings totaling 37,239 square feet. Current tenants include Starbucks and Pizza Hut.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/hanley-investment-voit-arrange-10m-sale-of-ca-shopping-center\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2018-06-27T15:14:19+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T09:06:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/RC-Plaza_sm.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"IvyLee Rosario\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hanley-investment-voit-arrange-10m-sale-of-ca-shopping-center\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/hanley-investment-voit-arrange-10m-sale-of-ca-shopping-center\/\",\"name\":\"Hanley Investment, Voit Arrange $10M Sale of CA Shopping Center - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hanley-investment-voit-arrange-10m-sale-of-ca-shopping-center\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hanley-investment-voit-arrange-10m-sale-of-ca-shopping-center\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/RC-Plaza_sm.jpg\",\"datePublished\":\"2018-06-27T15:14:19+00:00\",\"dateModified\":\"2022-12-09T09:06:58+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/f2094ece0e063845f848c7f1c7b84780\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hanley-investment-voit-arrange-10m-sale-of-ca-shopping-center\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/hanley-investment-voit-arrange-10m-sale-of-ca-shopping-center\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hanley-investment-voit-arrange-10m-sale-of-ca-shopping-center\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/RC-Plaza_sm.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/RC-Plaza_sm.jpg\",\"width\":800,\"height\":620,\"caption\":\"RC Plaza, Rancho Cucamonga, Calif.\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hanley-investment-voit-arrange-10m-sale-of-ca-shopping-center\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Hanley Investment, Voit Arrange $10M Sale of CA Shopping Center\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/f2094ece0e063845f848c7f1c7b84780\",\"name\":\"IvyLee Rosario\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/IvyLee_Rosario.jpg?w=67\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/IvyLee_Rosario.jpg?w=67\",\"caption\":\"IvyLee Rosario\"},\"description\":\"IvyLee Rosario is a Senior Associate Editor for Commercial Property Executive and Multi-Housing News. 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