Hanley Brown Group Closes 9 Retail Property Sale Transactions Valued at $65 Million in the Last 4 Months — 2005 Set to Outpace 2004 for the Hanley Brown Group

Hanley Brown Group, 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 $1 to $15 million shopping centers, announced today it negotiated the sale of nine retail properties with a total value of approximately $65 million.

"These sales transactions represent both stabilized properties and value-added opportunities,' said Gregory S. Brown, director, Hanley Brown Group.

All of the retail properties sold were located in Southern California except one, which was located in Las Vegas, NV. Hanley Brown Group exclusively represented the sellers in eight of the nine sale transactions.

"The majority of the buyers in these transactions were represented by outside brokers, which is in alignment with our philosophy of open cooperation with the brokerage community to affect the highest priced and most immediate sale of properties on behalf of our sellers,' Brown added.

Hanley Brown Group negotiated the sale of five retail properties in Orange County including Oaktree Village Shopping Center in Mission Viejo for $14.35 million. The 80,223-square-foot shopping center is located on Los Alisos Boulevard on 4.9 acres and is anchored by Mission Ranch Market and 24-Hour Fitness.

Hanley Brown Group negotiated the sale of three street front buildings located in Downtown Fullerton for more than $10.35 million. Located at the southwest corner of Wilshire Boulevard and Harbor Boulevard, the sale consisted of two retail buildings and an office/retail building, totaling 52,339 square feet.

In Tustin, Hanley Brown negotiated the sale of the Tustin Freeway Center for $4.2 million. The Tustin Freeway Center is a 31,670-square-foot multi-tenant strip center situated on 2.6 acres and is located off the I-5 Freeway at Newport Avenue, less than one mile from the MCAS-Tustin Redevelopment Project.

Hanley Brown Group negotiated the sale of a 57,839-square-foot multi-tenant retail/office center in Huntington Beach, Beachstone Plaza, for $9.6 million. The property, which is located on Beach Boulevard on 3.2 acres, consists of three 2-story buildings and includes tenants Edinger Medical, Allstate Insurance and H&R Block.

In Lake Forest, Hanley Brown negotiated the sale of Sycamore Plaza for an undisclosed amount. Located on El Toro Road, Sycamore Plaza is a 29,770-square-foot neighborhood shopping center anchored by Stater Brothers (not a part of the sale) and Starbucks.

In Lancaster, Hanley Brown negotiated the sale of two retail properties including the Antelope Valley Center. Located on 15th Street West, Antelope Valley Center was sold for $5.3 million. The 72,061 square feet community shopping center is anchored by High Desert Medical Group (not a part of the sale) and Cinemark Theatres.

Hanley Brown Group also negotiated the sale of 3.19 acres in Lancaster for $2.01 million. The purchased property, located at 43750 15th Street West, consists of a single tenant Jiffy Lube, a single tenant Taco Bell/Pizza Hut combo fast-food restaurant, and approximately 1.4 acres of undeveloped land.

In Fontana, Hanley Brown recently closed escrow on the $5.02 million sale of Sierra Auto Center, a multi-tenant automotive center located on Sierra Avenue. The center, which is situated on 2.12 acres and encompasses 33,610 square feet, is anchored by Midas.

In Las Vegas, Hanley Brown Group represented the seller in the sale of a single tenant PETsMART for $3.55 million. The 19,524-square-foot PETsMART is located on 1.76 acres within the 223,000-square-foot Red Rock Commercial Center at the signalized intersection of Martin Luther King Boulevard and Craig Road in North Las Vegas.

"Our local market expertise, industry relationships and negotiating skills create mutually beneficial transactions for both buyers and sellers," said Edward B. Hanley, president, Hanley Brown Group. "This is why our clients have continued to use our services over the years.'

Hanley adds, "Our pipeline for 2005 for both value-added opportunities and stabilized investments will be record breaking. We anticipate the total sales for 2005 will dramatically outpace that of 2004. We look forward to announcing these opportunities as well as expanding our Group to encompass several additional seasoned industry investment specialists.'

Long-time industry veterans Hanley and Brown recently left Marcus & Millichap in Irvine to launch Hanley Brown Group Real Estate Advisors. At Marcus & Millichap, Brown and Hanley were consistently ranked as one of the top five brokers in the firm's Irvine office from 1999–2004 and served as senior directors of Marcus & Millichap's National Retail Group.


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 $1 to $15 million 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.