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California  + Inland Empire  + Retail  | 

Hanley Arranges Off-Market Sale of Riverside Retail Pads

Hanley Investment Group Real Estate Advisors arranged the sale of five retail outparcels totaling 25,916 square feet at Citrus Landing, a newly remodeled, 100%-occupied, 124,904-square-foot grocery-anchored neighborhood shopping center in Riverside. The sale price was $20,775,000.

EVP Kevin Fryman and president Ed Hanley represented the seller, a private investor from San Diego. SVPs Arthur R. Flores, Jay Gomez and James Kaye with CBRE in Newport Beach represented the buyer, a private investor from Los Angeles.

“We procured an all-cash private 1031 buyer, leveraging a long-term broker relationship, for this off-market transaction,” said Fryman.

Located at 6061-6221 Van Buren Blvd. and 7280 Arlington Ave. in Riverside, the five retail pads house Chick-fil-A, Carl’s Jr., Quick Quack Car Wash, Arrowhead Credit Union and a multi-tenant pad building featuring Panda Express, Café Bottega and Pacific Dental. They’re shadow-anchored by Stater Bros. Markets, Ross Dress For Less, AutoZone and KFC, which collectively occupy a total of 98,988 square feet.

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Hanley's Fryman

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).

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