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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