Hanley Brown Group Represent Buyer & Seller in Sale of Southwood Village Shopping Center in Torrance for $16,596,000

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 shopping centers, announced today Edward B. Hanley and Eric P. Wohl of Hanley Brown Group represented the buyer and seller in the sale of Southwood Village shopping center in Torrance, California.

CH Realty/Acquisitions III, LLC purchased the 67,468 square foot neighborhood shopping center for $16,596,000 from Wohl/Mountain LLC. Anchored by Ace Hardware and Chevron, Southwood Village is located at the southwest and southeast corners of Palos Verdes Boulevard and Sepulveda Boulevard in the City of Torrance, adjacent to Palos Verdes Estates, Redondo Beach and Santa Monica Bay.

The property is situated on approximately 5.65 acres and consists of three separate buildings with each building situated on their own separate parcel.

“Southwood Village is a truly unique property in today’s market due to the fact that you own both sides of the street and that you have control of an outstanding South Bay intersection,” says Hanley Brown Group’s Eric Wohl. “The property commanded multiple offers, even with incoming buyers having to assume an existing loan requiring an approximate 58% down payment. The sale is a prime example of how aggressive our 1031 exchange clients have become to acquire a quality, well located retail property in today’s market.”

Long-time industry veterans Hanley and Brown left Marcus & Millichap in December 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 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.