Hale Retail Team

Delivering top results


As experts with Colliers International | Central California, we represent investors and tenants associated with triple net investment properties throughout the Central Valley.


Our team

John Hale

Senior Vice President & Principal | Central California
Bakersfield

John Hale joined the Bakersfield Office of Colliers International in March of 2009 heading up the Retail Properties Group.  John brings to Colliers International over twenty nine (29) years of real estate experience. 

Prior to his career in real estate, John played eleven (11) years of professional baseball with the Los Angeles Dodgers and the Seattle Mariners; spending parts of six (6) seasons at the major league level.

John's primary strategy over his career has been to build and maintain long term relationships based on trust, competence and results.

Stephen Hale

Associate
Bakersfield

Stephen has been a commercial real estate broker specializing in the sales and leasing of triple net retail investments since November 2015.  He is part of the Hale Retail Team with his father John Hale, which in the past two years alone have completed over 65 transactions, representing a dollar value in excess of $100 million.  Stephen has developed a solid reputation for creating strategic marketing campaigns to enhance and increase the value of his client’s commercial real estate.  His clients range from corporate and institutional investors as well as the individuals with an interest in real estate.

A partial list of clients Stephen has represented include: Home Depot, Grocery Outlet, Dick's Sporting Goods, Valvoline, DriveTime Auto Sales, El Pollo Loco, and Krispy Kreme.

Prior to his career in real estate, Stephen played 5 years of professional golf on numerous tours including the PGA Tour LatinoAmerica, PGA Tour Canada, E Golf Tour, Golden State Tour, and Gateway Tour gaining 4 professional victories.

Kevin Hale

Associate
Bakersfield

Q1 2018 Retail Market Snapshot

Total Market Inventory: 31,454,318 SF (which breaks down to 15,497,076 SF - General Retail; 2,229,752 SF - Malls; 2,141,207 SF- Power Centers; 314,528 SF - Specialty Centers and 11,271,755 SF - Shopping Centers).

Total Vacant: The vacancy rate has remained the same over the past two quarters at 6% (1,887,260 SF).

Absorption:  1st Quarter 2018 absorption is 19,383 SF.

Average Asking Rental Rates for the market are currently $13.75 psf NNN annually and are trending higher than at the end of the 1st Quarter 2017. The highest asking rental rate is in the University Center submarket at $35.00 psf NNN annually and the lowest asking rental rate is $9.34 psf NNN annually in the Northeast Submarket.

New Deliveries: There was 25,730 SF in 5 buildings delivered to the market during the quarter.

Under Construction: There are currently 114,386 SF in 4 buildings under construction at this time.

Q1-2018 saw fewer large tenant move outs than in previous quarters and not the large amounts of space previously left vacant. So far, the only large tenant vacating space was DeVry University moving out of approximately 16,000 SF at 3000 Ming Avenue.

The only large Tenant lease for the 1st Quarter is Dollar General at 5000 Lake Isabella Boulevard for 9,026 SF.

Please contact a team member for further market information

Our mission statement

 The Hale Retail Team aims to provide unprecedented service to our clients, creating a targeted approach in order to solve the unique problems associated with triple net investment properties.  Through our process, we are able to assess our clients' critical needs and implement a plan in order to achieve those goals.

 

 

 

 

 

 

Services

The Hale Retail Team specializes in all areas concerning triple net investment properties.  We represent clients looking to sell or purchase investments through conventional means or 1031 Exchange.  We also specialize in leasing as Landlord or Tenant Representatives, serving numerous clients in both areas through a combined 32 years of experience.  Using the vast Colliers network, we provide clients access to the best marketplace information, marketing materials, quarterly reports and property exposure.

Who's talking about team hale

“We engaged the Hale Retail Team to market The Palms Shopping Center,  an unanchored, struggling retail project with numerous vacancies.  Not only did the Hale Retail Team  secure an anchor tenant but they also helped with all aspects of the lease and of the anchor’s build out as well as recommended third party vendors to complete a survey and reconfigure access, etc.  Additionally, they crafted creative solutions to lease the vacant small shop space.  The Hale Team’s leasing efforts repositioned the property as an anchored center and enhanced its value significantly. I recommend the Hale Retail Team for their integrity,  dedication, knowledge, creativity and their ability to go  above and beyond normal brokerage duties to help us achieve our ultimate goal of maximizing value and selling the center.” - Jyotsna Desai Vice President, Special Assets U.S. Bank.

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