FULLERTON, Calif. - Hanley Investment Group Real Estate Advisors, a nationally recognized real estate brokerage and advisory firm specializing in retail property sales, announced today the sale of North Euclid Shopping Center, a 41,219-square-foot former Stater Bros.-anchored shopping center in Fullerton, California. The property, located at 229-333 North Euclid Street, sold for $12.58 million.
Hanley Investment Group's Executive Vice Presidents Kevin Fryman and Eric Wohl, along with President Ed Hanley, represented the seller, Kraemer Land Company of Anaheim, California, and the buyer, a private investor based in Fullerton. Kraemer Land Company had professionally managed the property for 21 years, maintaining a high standard of care that resulted in a stabilized shopping center under the family's ownership.
"Kraemer Land Company has consistently entrusted Hanley Investment Group with the sale of several anchored properties, and Hanley has delivered outstanding results each time," said Kraemer Land Company President Brett Albrecht. "In the sale of North Euclid Shopping Center, Hanley secured a highly qualified off-market buyer who owns multiple anchored retail properties and had a strong personal interest in acquiring this center because they are based in the area. Despite several challenges, most notably a dark Stater Bros., the transaction was marked by a collaborative, partnership-driven approach among the seller, buyer, and Hanley. This teamwork ultimately led to a successful and mutually beneficial outcome for all parties involved."
"We sourced an off-market, local private buyer through our strategic cross-marketing efforts tied to a comparable dark-anchored shopping center in Orange County that Hanley Investment Group was marketing," said Fryman. "We secured a strong all-cash offer from the buyer and a shortened due diligence period, giving the seller certainty of closing."
The shopping center is located at the signalized intersection of Euclid Street and Chapman Avenue, which sees over 55,500 cars per day. The property includes a 21,480-square-foot former Stater Bros. space, while the remaining shop space is 100% occupied by internet-resistant tenants such as a barber shop, hair salon, several quick-service restaurants, family dentistry, chiropractic office, and H&R Block.
"This acquisition represented a rare opportunity to acquire a value-add shopping center in North Orange County," Fryman said. "With several years remaining on the Stater Bros. lease, the buyer has ample time to execute their business plan, including repositioning the property and retenanting the former Stater Bros. space."
Fullerton, located in northern Orange County, is a vibrant city known for its historic downtown, strong education presence, and diverse economic base. The city is home to California State University, Fullerton, which enrolled a record 43,662 students in fall 2024, and serves as a major economic and cultural hub for the region.
With a population of approximately 143,000, Fullerton is part of a dense, urbanized area with 630,000 residents within a five-mile radius of the property and an average household income of $116,000 within a one-mile radius. The city's economy is supported by sectors such as education, healthcare, manufacturing, retail trade, and professional services. Major employers include St. Jude Medical Center, California State University, Fullerton, and the Fullerton School District.
Fryman commented on the strength of the Orange County retail investment market, stating, "Orange County continues to be one of the most resilient and desirable retail investment markets in the country, driven by its high barriers to entry, affluent demographics, and dense population centers. Investor demand remains strong for well-located retail assets, especially those with value-add potential. This sale reflects continued confidence in the region's long-term fundamentals and the strategic value of neighborhood centers in high-traffic locations."
About Hanley Investment Group
Celebrating 20 years, Hanley Investment Group Real Estate Advisors is a real estate brokerage and advisory services company with an over $11.5 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: Kevin Fryman, Executive Vice President
Email: Send Email
Phone: 949.585.7674
Address:3500 East Coast Highway, Suite 100
City: Corona del Mar
State: California
Country: United States
Website: https://hanleyinvestmentgroup.com/
