LIVERMORE, CA-Hanley Investment Group Real Estate Advisors says Edward Hanley assisted with the sale of Granada Shopping Center, a Lucky Supermarket-anchored shopping center at 1951 Holmes Street, in an off-market transaction. The purchase price was $17.5 million.
Granada Shopping Center is located, at the northwest corner of Holmes Street and Concannon Boulevard. The shopping center is 69,325 square feet and situated on 6.39 acres. The property, which was built in 1965, is anchored by Lucky Supermarket and includes tenants: Fairmont Bank, Cosmo Prof, Curves, Subway and Country Waffles. The center was 91% occupied at the time of sale.
The buyer was Retail Opportunity Investments Corp., of San Diego, Calif. The seller was Granada Retail, LLC of Oakland, Calif.
"Demand for well-located grocery-anchored shopping centers remains strong nationwide,” said Hanley, president of Hanley Investment Group. "Granada Shopping Center represents the 7th California grocery-anchored center Hanley Investment Group has sold in the last 12 months, for an aggregate value of approximately $145 million."
Hanley Investment Group Real Estate Advisors, Irvine, CA, is a boutique retail investment brokerage firm with a three billion dollar transaction track record that is comprised of innovative specialists delivering unparalleled service and superior results that consistently exceed client expectations. Hanley Investment Group's expertise, commitment and unwavering focus of putting the client's needs first have continued to set the company apart in the industry.
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