Hanley Investment Group Real Estate Advisors arranged the sale of Sierra del Oro Towne Centre, a 100%-occupied, 110,485-square-foot shopping center anchored by Ralphs and Dollar Tree in Corona. The sale price was not disclosed. It’s Hanley Investment Group’s sixth grocery-anchored shopping center sale over the past 12 months.
EVP Kevin Fryman and president Ed Hanley represented the seller, Phillips Edison & Company, Inc. The buyer, a private 1031 exchange investor based in Northern California, was represented by Jesse Millman of Newmark.
In 2017, Hanley Investment Group represented Cornerstone Development Partners of Irvine in the sale of Sierra del Oro Towne Centre, when Phillips Edison was the buyer…