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Hanley Investment Group Negotiates Sale of Stevenson Ranch Plaza in Santa Clarita for $72.5 Million

Institutional Demand is Still Strong for Grocery-Anchored Retail Centers

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 buyer and seller in the sale of Stevenson Ranch Plaza in Santa Clarita, a 97% occupied, 187,035-square-foot Ralphs grocery-anchored shopping center located in the Los Angeles metro area. The sale price was $72.5 million.

Stevenson Ranch Plaza is located approximately 35 miles northwest of downtown Los Angeles in an affluent neighborhood of Santa Clarita at 24917-24975 Pico Canyon Rd. Built in 1997 on 18.91 acres, the retail center is anchored by Ralphs, whose parent company is Kroger, with other anchor tenants including LA Fitness, PetSmart and Stein Mart. Other tenants include David’s Bridal, Guitar Center, Yamato Restaurant and FedEx Office.

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Hanley Investment Group

Hanley Investment Group Real Estate Advisors is a real estate brokerage and advisory services company with an $8.3 billion transaction track record that specializes in the sale of retail properties nationwide. Our expertise, proven track record, and unwavering dedication to putting clients' needs first, sets us apart in the industry.

Hanley Investment Group creates value by delivering exceptional results through the use of property-specific marketing strategies, cutting-edge technology, and local market knowledge. Our nationwide relationships with investors, developers, institutions, franchisees, brokers, and 1031 exchange buyers are unparalleled in the industry, translating into maximum exposure and pricing for each property. With unmatched service, Hanley Investment Group has redefined the experience of selling retail investment properties.

Contact:
Phone: (949) 585-7610