Hanley Brown Group Awarded $8,140,000 Listing for Sale of New Shopping Center in Temecula, CA

IRVINE, CA – Hanley Brown Group Real Estate Advisors, one of the most dominant retail investment groups in Southern California and a market leader in the exclusive representation of owners in the sale of retail properties, announced today it has been awarded the exclusive listing to market Margarita Square in Temecula, Calif. Edward B. Hanley and Eric L. Werner of Hanley Brown Group Real Estate Advisors have been named the listing agents.

Located at the northeast corner of Margarita Road and Highway 79 South on 1.64 acres, Margarita Square is an out-parcel to a community shopping center anchored by Albertsons/Sav-on, Home Depot and Staples. The new 11,775-square-foot free-standing building, which will open in November 2005, consists of six national and regional credit tenants that include: Bank of America, Cingular, Coffee Bean Tea & Leaf, Dippin’ Dots, Jamba Juice and Postal Annex. Hanley Brown Group has the shopping center listed for $8,140,000 on behalf of the owner, Howser Ewing Companies of Newport Beach, Calif.

“The offering is ideally located along Highway 79 South, the major thoroughfare in Temecula, which features an average daily traffic count in excess of 84,000 cars per day. With Bank of America as the anchor of the property, Margarita Square is a secure and stable investment opportunity in a high growth Riverside County location,” says Edward Hanley, president of Hanley Brown Group Real Estate Advisors.

“Margarita Square benefits from outstanding demographics in one of the most attractive locations in Riverside County,” adds Hanley Brown Group’s Eric Werner. “The property is well positioned for future success due to brand new construction, an excellent mix of credit tenants, 100% occupancy, and a 20-year lease with increases for Bank of America.”


About Hanley Brown Group Real Estate Advisors

Hanley Brown Group Real Estate Advisors is one of the most dominant retail investment groups in Southern California and a market leader in the exclusive representation of owners in the sale of retail shopping centers. Based in Irvine, California, Hanley Brown Group is led by long-time industry veterans Edward B. Hanley and Gregory S. Brown, both designated CCIMs. As specialists in the sale of retail properties, Hanley Brown Group has earned a lasting reputation for its successful track record, investment expertise, dedication and integrity. For more information, visit the Company’s website at www.hanleybrown.com or call (949) 585-7610.

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