SANTA CLARITA, Calif. — Hanley Investment Group Real Estate Advisors, a national real estate brokerage and advisory firm specializing in retail property sales, announced today the successful execution of a break-up strategy at Centre Pointe Marketplace in Santa Clarita, California, representing the seller and both buyers in two separate off-market retail transactions totaling $33.8 million.
Hanley Investment Group’s Vice President Sean Cox and Executive Vice President Kevin Fryman represented the seller and developer, Spirit Properties, Ltd., of Santa Clarita, and both buyers in the two transactions.
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 Drive. The property sold for $25 million to an institutional investor.
“We generated multiple competitive offers from institutional buyers and private 1031 exchange buyers to maximize value for the seller and secured an all-cash REIT buyer,” said Cox. “The property’s location, tenant strength, and recent lease activity made it a compelling fit for institutional capital seeking durable income and long-term stability.”
DICK’S recently extended its lease and remodeled its store, while Burlington assumed the lease from JOANN Fabrics following the retailer’s bankruptcy. The two-tenant property spans 83,953 square feet and benefits from affluent demographics, with an average household income of $144,000 within a five-mile radius.
DICK’S Sporting Goods is a leading national sporting goods retailer offering athletic, outdoor, and golf departments. Burlington is a top off-price apparel and home goods retailer known for long-term leases and strong draw among value-focused suburban shoppers.
Previously, Hanley Investment Group 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 Drive, also located within Centre Pointe Marketplace. The property sold for $8.75 million. The buyer, who had recently sold a gas station, was seeking their first retail investment. Hanley Investment Group sourced the opportunity through its developer network and closed escrow prior to the tenant opening for business, according to Cox.
Sky Zone, a national indoor trampoline park brand catering to families and youth, is shadow-anchored by Walmart and Sam’s Club, with co-tenants including DICK’S Sporting Goods, Burlington, and a future Quick Quack Car Wash. The trampoline park signed a new long-term lease and is surrounded by national retailers such as Target, Lowe’s, and Best Buy, with high visibility from Golden Valley Road and Soledad Canyon Road.
“These transactions reflect the strength of our developer relationships and our ability to source off-market opportunities that align with buyer goals,” said Cox. “Closing escrow prior to tenant occupancy and securing top-tier pricing in a competitive environment speaks to the strategy’s precision and execution.”
“Investor appetite for newly constructed, single-tenant net lease assets backed by nationally recognized tenants in high-growth markets remains strong,” said Fryman. “This break-up strategy allowed us to unlock greater value for the seller by matching each asset with its ideal buyer: an institutional investor for the multi-tenant property and a private 1031 buyer for the single-tenant opportunity.”
About Hanley Investment Group
Hanley Investment Group Real Estate Advisors is a real estate brokerage and advisory services company with a $12 billion transaction track record that specializes in the sale of retail properties nationwide. Our expertise, proven track record, and unwavering dedication to putting clients’ needs first set us apart in the industry. Hanley Investment Group creates value by delivering exceptional results through the use of property-specific marketing strategies, cutting-edge technology, and local market knowledge. Our nationwide relationships with investors, developers, institutions, franchisees, brokers, and 1031 exchange buyers are unparalleled in the industry, translating into maximum exposure and pricing for each property. With unmatched service, Hanley Investment Group has redefined the experience of selling retail investment properties. For more information, visit www.hanleyinvestment.com.
Media Contact
Company Name: Hanley Investment Group Real Estate Advisors
Contact Person: Sean Cox, Vice President
Email: Send Email
Phone: 949.244.9335
Address:3500 East Coast Highway, Suite 100
City: Corona del Mar
State: California
Country: United States
Website: https://hanleyinvestmentgroup.com/