San Angelo Shopping Center Sells in Investment Deal

 

SAN ANGELO, TX — A 92,000-square-foot shopping center in San Angelo has been sold, according to a report published Monday by Shopping Center Business.

Hanley Investment Group Real Estate Advisors arranged the sale of Sunset Plaza, a retail center located adjacent to the Sunset Mall. The property was built in 2005 and sits on approximately 8.4 acres.

Sunset Plaza is anchored by Target, which shadow anchors the center and was not included in the sale. The center’s tenant lineup includes Ross Dress for Less, HomeGoods, Petco, Five Below, Bath & Body Works, Buckle and GameStop.

The seller was represented by Garrett Wood, Kevin Fryman and Lee Censar of Hanley Investment Group, working in association with ParaSell Inc. The buyer, identified as a private investor based in Mexico City, represented itself in the transaction. The seller was described as a private investor based in Orange County, California.

Target has operated at the site for more than 26 years, according to the report.

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