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California  + Los Angeles  + Retail  | 

Hanley Completes Break-Up Retail Center Sales in Santa Clarita

Hanley Investment Group Real Estate Advisors finalized a break-up strategy at Centre Pointe Marketplace in Santa Clarita, representing the seller and both buyers in two separate off-market retail transactions totaling $33.8 million. VP Sean Cox and EVP Kevin Fryman represented the seller and developer, Spirit Properties, Ltd., of Santa Clarita, and both buyers.

The most recent transaction involved the sale of a two-tenant property occupied by DICK’S Sporting Goods and Burlington, located at 26583-26591 Carl Boyer Dr. The property sold for $25 million to an institutional investor.

Previously, Cox and Fryman represented a Washington-based 1031 exchange buyer in the acquisition of a 30,624-square-foot, new construction, single-tenant Sky Zone Trampoline Park at 26583 Carl Boyer Dr., also within Centre Pointe Marketplace. The property sold for $8.75 million.

“These transactions reflect the strength of our developer relationships and our ability to source off-market opportunities that align with buyer goals,” said Cox.

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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
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