PROVO, Utah - Hanley Investment Group Real Estate Advisors, a nationally recognized real estate brokerage and advisory firm specializing in retail property sales, announced today the off-market sale of Bulldog Plaza, which comprises two multi-tenant retail pad buildings totaling 13,620 square feet at a CVS-anchored shopping center in Provo, Utah. The property is located at the high-traffic intersection of Cougar Boulevard and University Avenue, adjacent to Brigham Young University (BYU) and near Utah Valley Hospital and the Center Street retail corridor. The sale price was not disclosed.
Hanley Investment Group's Executive Vice Presidents Bill Asher, Jeremy McChesney, and Jeff Lefko, along with President Ed Hanley, represented the seller, Bershon Realty Company, LP, a private investment company based in Los Angeles. The buyer, a private 1031 exchange investor from the Salt Lake City metro area, was represented by Brendan Lee of Newmark Mountain West in Salt Lake City.
"We procured the buyer through targeted cross-marketing of a similar listing in Salt Lake City," said Asher. "This was an off-market transaction where we identified a property owner open to selling and matched them with a motivated 1031 exchange buyer familiar with the location. It resulted in securing premium pricing for a multi-tenant retail asset in a highly sought-after Utah market."
The two fully leased retail pad buildings are located at 62 West Cougar Boulevard and 1283 North University Avenue and feature a mix of national and regional tenants. The five-tenant, 10,025-square-foot pad building includes Noodles & Company, Firehouse Subs, Coco Tea, Teriyaki Bowl, and The Taco Spot. The three-tenant, 3,595-square-foot building is occupied by Papa John's, The Paleta Bar, and Crazy D's Hot Chicken.
In mid-October, Hanley Investment Group represented Bershon Realty Company in the acquisition of The Shops at Laguna Reserve, a 33,308-square-foot, fully leased shopping center shadow-anchored by a newly constructed Safeway grocery store in Elk Grove, California.
"We continue to see strong investor demand for well-located retail assets throughout Utah," added Asher. "The state's population growth, business-friendly environment, and resilient consumer base have made it one of the most active and competitive retail investment markets in the western U.S."
About Hanley Investment Group
Hanley Investment Group Real Estate Advisors is a real estate brokerage and advisory services company with over 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: Bill Asher, Executive Vice President
Email: Send Email
Phone: 949.585.7684
Address:3500 East Coast Highway, Suite 100
City: Corona del Mar
State: California
Country: United States
Website: https://hanleyinvestmentgroup.com/
