Hanley Brown Group Represents Buyer & Seller in $2.745 Million Sale of 24,000 Sq. Ft. Strip Center in Riverside, CA

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 shopping centers, announced today Edward Hanley and Eric Werner of Hanley Brown Group represented the buyer and seller in the sale of a multi-tenant strip center in Riverside, CA. The purchase price was $2.745 million.

The 24,000-square-foot shopping center, known as Lincoln Square, is located on the southwest corner of Magnolia Avenue and Lincoln Road. The center was built in 1984 and features 14 local tenants in a high growth area of Riverside with tremendous potential.

According to Eric Werner, senior associate with Hanley Brown Group, “The property’s signalized hard corner location adjacent to thousands of homes combined with a tremendous value add component make Lincoln Square an excellent investment that will benefit the new owner well into the future.”

The buyer was Sparks Property Investments, LLC of Orange County, CA. The seller was a private investor based in Riverside, CA.

Long-time industry veterans Hanley and Brown left Marcus & Millichap in December to launch Hanley Brown Group Real Estate Advisors. At Marcus & Millichap, Brown and Hanley were consistently ranked as one of the top five brokers in the firm’s Irvine office from 1999–2004 and served as Senior Directors of Marcus & Millichap’s National Retail Group. Werner, also formerly of Marcus & Millichap in Irvine, recently joined the Group and brings nearly five years of investment brokerage experience, specializing in advising his clients on retail acquisition and disposition strategies in the Riverside County market.


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.


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