Amusement Industry Inc. of Long Beach acquired the property fromSanta Ana-based UNT Atia Co. in a transaction that was brokered byEdward B. Hanley and Eric P. Wohl of Hanley Investment Group, whorepresented both the buyer and the seller. The Hanley brokers notethat the four-building shopping center is situated at the hightraffic intersection of Harbor Blvd. and Edinger Ave. on a parcelof nearly four acres.
The property was built in 1985 and renovated in 2006. Its 21tenants include Sizzler, OC Auto Sound, Priority Staffing, PandaBowl and Subway.
Eric Wohl, VP at Hanley Investment, calls the deal "anincredible opportunity to acquire a multi-tenant shopping centerwith future upside potential in a prime Orange County location." Headds that the buyer "has an excellent opportunity to increasebelow-market rents at a property that is in great condition."
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