CORONA DEL MAR, CALIF. – (RealEstateRama) — Hanley Investment Group Real Estate Advisors, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that President Ed Hanley and Senior Vice President Kevin Fryman represented the seller in the sale of Bouquet Center in Santa Clarita, a 95% occupied, 148,903-square-foot grocery-anchored shopping center located in the Los Angeles metro area.
Bouquet Center is located approximately 35 miles northwest of downtown Los Angeles in an affluent neighborhood of Santa Clarita at 26502-26586 Bouquet Canyon Road. Built in 1985 on 12.26 acres, and completely renovated in 2007 at a cost of $7 million, the retail center is anchored by Vons, CVS and Ross Dress for Less, which represents 66% of the current tenancy. Other tenants include Chase, Citibank, Wendy’s, Baskin Robbins, Jersey Mike’s Sub, Little Caesars Pizza and Payless ShoeSource.
Bouquet Center is located at the signalized intersection of Newhall Ranch Road and Bouquet Canyon Road, one of the busiest intersections in Santa Clarita with 85,000 cars per day.