{"id":1004311211,"date":"2019-03-26T04:22:10","date_gmt":"2019-03-26T12:22:10","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004311211"},"modified":"2025-02-28T00:03:32","modified_gmt":"2025-02-28T08:03:32","slug":"hanley-investment-brokers-sale-of-la-area-shopping-center","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/hanley-investment-brokers-sale-of-la-area-shopping-center\/","title":{"rendered":"Hanley Investment Brokers Sale of LA-Area Shopping Center"},"content":{"rendered":"
\"\"<\/a>

The Crossroads @ Firestone<\/p><\/div>\n

Safco Capital Corp. has acquired the 53,262-square-foot, ALDI-anchored The Crossroads @ Firestone shopping center in South Gate, Calif., for $29.5 million. Catellus Development Corp. sold the property after developing it in 2017 on the site of a former car sales center. Hanley Investment Group Real Estate Advisors President Ed Hanley represented both parties. <\/p>\n

Located at 5802 & 5840 Firestone Blvd., the asset\u2019s tenant roster includes regional and national businesses such as ALDI, AT&T, Bank of America, The Buffalo Spot, Churroholic, Fast 5 Express Car Wash, Hiccups Restaurants Tea House, Jersey Mike’s Subs, Panera Bread, Sherwin-Williams and Tacos El Gavilan. At the time of sale, the property was fully leased.   <\/p>\n

\u201cThere is high demand for newly built, grocery-anchored neighborhood centers in dense, infill markets,\u201d<\/em> said Hanley, in prepared statements. \u201cUsing Hanley Investment Group\u2019s proprietary database, we identified a Los Angeles-based 1031 exchange buyer who was looking to transition their portfolio to high-quality assets.\u201d <\/em><\/p>\n

Recently, Hanley Investment Group Real Estate Advisors worked with both seller and buyer in the disposition of a 28,600-square-foot retail property<\/a> in Crest Hill, Ill.<\/p>\n

Image courtesy of Hanley Investment Group Real Estate Advisors<\/em><\/p>\n

If you\u2019d like to be featured in Brokers\u2019 Corner, send your deal to deals@cpe-mhn.com<\/a><\/strong>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

President Ed Hanley handled the $29.5 million transaction on behalf of both parties. The roughly 53,000-square-foot The Crossroads @ Firestone was fully leased at the time of sale. <\/p>\n","protected":false},"author":748,"featured_media":1004311220,"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":[33536,36067,33902],"class_list":["post-1004311211","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-1031-exchange","tag-catellus-development-corporation","tag-hanley-investment-group"],"acf":[],"yoast_head":"\nHanley Investment Brokers Sale of LA-Area 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-brokers-sale-of-la-area-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 Brokers Sale of LA-Area Shopping Center\" \/>\n<meta property=\"og:description\" content=\"President Ed Hanley handled the $29.5 million transaction on behalf of both parties. 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