Released on: January 16, 2008, 11:43 pm

Press Release Author: Anne Monaghan / Monaghan Communications

Industry: Real Estate

Press Release Summary: Kevin T. Fryman of Hanley Investment Group Real Estate
Advisors represented the buyer and seller in the sale of an 81,666 sq. ft.
grocery-anchored shopping center in Lawrenceville, Georgia. The shopping center,
known as Cruse Crossing, is located at 950 Herrington Drive in Lawrenceville
(Gwinnett County), Georgia. The purchase price was $12,015,000, representing a 6.74%
cap rate.

Press Release Body: IRVINE, CALIF. - Hanley Investment Group Real Estate Advisors,
one of the most dominant retail investment groups in the western United States and a
market leader in the sale of retail properties, announced today Kevin T. Fryman of
Hanley Investment Group represented the buyer and seller in the sale of a grocery
anchored shopping center in Lawrenceville, Georgia. The purchase price was
$12,015,000, representing a 6.74 percent cap rate.

The 81,666-square-foot grocery anchored shopping center, known as Cruse Crossing, is
located at 950 Herrington Drive in Lawrenceville (Gwinnett County), Georgia. Located
approximately 30 miles northeast of Atlanta, Cruse Crossing is situated at the
signalized intersection of Cruse Road and Herrington Road, conveniently accessible
from Interstate 85 and Georgia State Route 316. The property is situated on 11.86
acres and is anchored by Kroger, Kroger Fuel Station, Bank of America, UPS Store,
Pizza Hut, Washington Mutual, Metro PCS, and American Lube Fast. The five-building
property was built in 1995, and was 100 percent occupied at the time of sale.

"We generated 10 offers on the property in the first two weeks of marketing," said
Kevin Fryman, senior associate at Hanley Investment Group. "The buyer assumed an
existing conduit loan that required a $2,895,000 (24 percent) down payment, which
was an extremely attractive loan-to-value along with an interest rate of 5.69
percent. The favorable assumable financing triggered an abundant amount of interest
combined with the strength of Kroger as the anchor tenant who represented 60 percent
of the income stream and 78 percent of the total offering square footage. The buyer
acquired a rare grocery anchored investment that produced an initial 10 percent
cash-on-cash return."

The buyer was CA Plaza, LLC based in Los Angeles, Calif. The seller was Black Sox,
LLC from Sherman Oaks, Calif.

About Hanley Investment Group Real Estate Advisors
Built on a solid foundation of performance, integrity and dedication, Hanley
Investment Group Real Estate Advisors is a boutique retail investment advisory firm
with a two billion dollar transaction track record that is comprised of innovative
specialists delivering unparalleled service and superior results that consistently
exceed client expectations. Hanley Investment Group's expertise, commitment and
unwavering focus of putting the client's needs first have continued to set the
company apart in the industry. Hanley Investment Group works closely with individual
investors, developers, and institutional property owners in every facet of the
transaction to insure that the highest value is achieved. Clients rely on Hanley
Investment Group to be the most knowledgeable and trusted source for valuation
services, market information and retail property acquisitions and dispositions. For
more information, visit the Company's website at www.hanleyinvestment.com or call
(949) 585-7610.

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Web Site: http://www.hanleyinvestment.com

Contact Details:
Kevin T. Fryman
Hanley Investment Group
Real Estate Advisors
2030 Main Street, Suite 1650
Irvine, CA 92614
949.585.7674
kfryman@hanleyinvestment.com