Healstone Investment Launches Retail Division

IRVINE, CA-Healstone Investment Real Estate has launched a new retail division that has listed $93 million of properties and had named mixed-use specialist Chris Moses to head the new unit. Healstone is on track to list more than $250 million in retail assets in 2005 and to close nearly $1 billion in total transactions, according to Will Allen, CEO and co-founder.

Moses has 10 years of mixed-use leasing and investment brokerage experience, including time in his family’s Little Rock, AR-based Moses Tucker Real Estate. Among the deals he closed during that time was the sale of a 28-location portfolio of Applebee’s throughout the Southeast on behalf of the restaurant chain.

Among the Healstone listings are the 200,000-sf McKinnley Crossroads along the 91 Freeway in Corona, a retail center at 3411 Newport Blvd. in Newport Beach near Newport Boulevard and Via Lido, and a grocery-anchored center in Huntington Beach. Healstone was founded in January 2004 by Charlie Kennedy and Will Allen. In addition to brokering sales of retail and other property types, the company manages multifamily and retail properties.