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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.”
- ◦Sale/Acquisition




