CORONA DEL MAR, CA—While sales transactions have consistently increased in retail categories such as single-tenant net-leased investments and multi-tenant strip centers, Southern California's lack of supply has kept grocery-anchored shopping centers moving at a more tepid pace. The demand for properties is compressing cap rates and impacting strategies, says president Ed Hanley and EVP Bill Asher of Orange County-based Hanley Investment Group, but it could bear fruit. GlobeSt.com spoke with the executives about investor demand for grocery-anchored shopping centers in inland Southern California. Visit Hanley Investment Group at Booth # S381S at ICSC RECON in Las Vegas.NOT FOR REPRINT
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