Sale of the Hermosa Pavilion Shopping Center

Secured Properties is proud to announce that Jay Chu represented the sale of the Hermosa Pavilion Shopping Center, approximately 116,000sf, anchored by 24-Hour Fitness, foreclosed by Preferred Bank in 2009 and subsequently sold to our investor for $27,000,000 in July of 2010. The purchase was a complicated transaction with seller financing and multiple buyers in pursuit of the purchase.

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