17 Jul 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.