Hanley Investment Group Real Estate Advisor has arranged the acquisition of seven individual net-leased retail properties totaling $18.4 million, on behalf of a 1031 exchange buyer.
Hanley Investment Group’s Executive Vice President and Partner Jeff Lefko and Executive Vice President Bill Asher represented the Minnesota-based private exchange buyer in these transactions. The acquisitions included a mix of newly constructed and recently developed single-tenant and multi-tenant retail properties, many with long-term leases in high-traffic locations.
“Navigating a 1031 exchange requires precision and speed,” said Lefko. “Our long-standing relationships with property owners and developers across the country give our clients early access to a wide range of high-quality assets, including newly constructed properties. In this case, we were able to identify and close on seven properties in multiple states in under two months, ensuring our client met their exchange deadline with confidence.”
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