Hanley Brown Group Awarded Listing for Sale of $12.6 Million Retail Center in Yucaipa, 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 shopping centers, announced today it has been awarded the exclusive listing to market Chapman Heights Shopping Center in Yucaipa, California. Edward B. Hanley and Eric L. Werner of Hanley Brown Group Real Estate Advisors have been named the listing agents.

Chapman Heights Shopping Center is a 90,369-square-foot neighborhood shopping center situated at the northwest corner of Yucaipa Boulevard and 4th Street in the City of Yucaipa. The property is anchored by Stater Bros., Rite Aid (not a part of offering), Fitness 19, Goodyear, Radio Shack, Hallmark and UPS Store. The shopping center is listed for $12.6 million and the seller is Irvine-based PASSCO Real Estate Enterprises Inc.

Built in 1975, Chapman Heights Shopping Center provides outstanding accessibility, identity and visibility along Yucaipa Boulevard, the main retail thoroughfare in the City of Yucaipa. “The property features an excellent tenant mix, and is ideally located adjacent to thousands of new and soon to be developed homes in the new upscale, master-planned community of Chapman Heights,” says Edward Hanley, president of Hanley Brown Group Real Estate Advisors.

“Chapman Heights Shopping Center is well positioned for future success,” says Hanley Brown Group’s Eric Werner. “This offering provides a prospective investor with an opportunity to acquire a well-anchored neighborhood shopping center featuring low vacancy with room for upside potential in a growing San Bernardino market.”


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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