Hanley Brown Group Awarded $28,030,000 Listing for Sale of Community Center Near South Coast Plaza

September 21, 2005 (PRLEAP.COM) Business News
IRVINE, CA – Hanley Brown Group Real Estate Advisors, one of the most dominant retail investment groups in Southern California and a market leader in the exclusive representation of owners in the sale of retail properties, announced today it has been awarded the exclusive listing to market Bristol Place Shopping Center in Santa Ana, California. Edward B. Hanley and Eric P. Wohl of Hanley Brown Group Real Estate Advisors have been named the listing agents.

Located at the southwest corner of Bristol Street and Alton Avenue, Bristol Place is a 62,800-square-foot community shopping center anchored by Target (not a part of the offering) and features an excellent mix of national and regional credit tenants which include: Beneficial, Blockbuster Video, H&R Block, Household Finance, Lenscrafters, Payless Shoes, Rent A Center and Supercuts. Hanley Brown Group has the shopping center listed for $28,030,000 on behalf of the owner, an undisclosed California Limited Partnership.

“The offering is ideally located just two blocks north of South Coast Plaza, one of the top grossing regional malls in the nation and presents an outstanding opportunity to own a historically 100 percent occupied community shopping center anchored by America’s second largest general merchandise retailer,” says Edward Hanley, president of Hanley Brown Group Real Estate Advisors.

“Bristol Place benefits from outstanding demographics in one of the most attractive, dense in-fill locations in Orange County,” adds Hanley Brown Group’s Eric Wohl. “Additionally, its close proximity to the San Diego (405) Freeway, Costa Mesa (55) Freeway and San Joaquin Transportation Corridor (73), makes Bristol Place a secure and stable Orange County investment opportunity.”


About Hanley Brown Group Real Estate Advisors

Hanley Brown Group Real Estate Advisors is one of the most dominant retail investment groups in Southern California and a market leader in the exclusive representation of owners in the sale of retail shopping centers. Based in Irvine, California, Hanley Brown Group is led by long-time industry veterans Edward B. Hanley and Gregory S. Brown, both designated CCIMs. As specialists in the sale of retail properties, Hanley Brown Group has earned a lasting reputation for its successful track record, investment expertise, dedication and integrity. For more information, visit the Company’s website at www.hanleybrown.com or call (949) 585-7610.