High-rise commercial buildings

Sub Markets

Property Sectors

Topics

California CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

New call-to-action
California  + Orange County  + Retail  | 

Santa Ana Shopping Center Fetches OC’s Highest Price in Months

Hanley Investment Group Real Estate Advisors recently completed the sale of Bristol Place, a 61,454-square-foot multi-tenant shopping center shadow-anchored by Target in Santa Ana, a half-mile from South Coast Plaza. The sale price was $36.5 million. 

EVPs Matt Burnett and Kevin Fryman, along with president Ed Hanley, represented the seller, an affiliate of Cadence Capital Investments of Greenwood Village, Colorado and Oakwood Real Estate Partners, LLC. The buyer, a private investor based in Newport Beach, was represented by Ron Duong of Marcus & Millichap in Irvine.

“We generated 13 qualified offers from private and institutional investors,” said Fryman. “To provide surety of closing in this volatile debt environment, we negotiated that the buyer would waive their contingencies before the loan approval.”

He added, “The sale of Bristol Place was a generational asset with strong investment fundamentals and, at the time of the sale, represented the only shopping center to sell above $20 million in Orange County since October 2022.”

Read More News Stories About: Marcus & Millichap
Connect

Inside The Story

Hanley Investment Group

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
New call-to-action
New call-to-action
New call-to-action
New call-to-action
New call-to-action