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Ed Hanley Hanley: “We are seeing more non-traditional type of tenants in retail environments like medical services, education, churches and civic centers.”

CORONA DEL MAR, CA—A shopping center’s success is based on generating the best mix of retailers that are optimally aligned with neighborhood need and market opportunity, Hanley Investment Group’s president Ed Hanley tells GlobeSt.com. Hanley and SVP Kevin Fryman recently represented buyer Westland Real Estate Group and seller (a private investor) in the sale of Seven Trees Shopping Center, a 150,338-square-foot Target-anchored shopping center in San Bernardino, CA, for $8.57 million. According to Hanley, approximately 93% of Seven Trees Shopping Center’s current tenancy is leased to national or regional chains including Target, Baskin Robbins, County of San Bernardino, Payless ShoeSource, Sally Beauty Supply and Waba Grill. We spoke exclusively to Hanley about the pros and cons of national-credit vs. local tenants in today’s shopping centers.

GlobeSt.com: Tell us about the pros and cons of national credit tenants vs. local tenants in shopping centers today.

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Carrie Rossenfeld

Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.

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