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

Q4 2017 retail market snapshot

Total Market Inventory: 22,616214 SF (which breaks down to 9,594,356 SF - General Retail; 1,903,363 SF - Malls; 2,141,207 SF- Power Centers; and 8,977,288 SF - Shopping Centers)

 Total Vacant: 1,322,524 SF, which is 5.8% which is 5 points below the 6.3% at the end of the 2nd quarter.

 Absorption: Year-end absorption is 130,219 SF compared to the 19,516 SF absorbed in the 3rd quarter.

 Average Asking Rental Rates for the market are currently $13.55 psf NNN annually and are trending lower than at the beginning of the year. 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 Construction: 4th Quarter 2017 saw two buildings totaling 23,191 SF delivered to the market, bringing the total of new construction to 113,760 SF for 2017.

 Under Construction: There are currently 61,689 SF under construction.

 2017 has seen some significant additions to vacancy which include the 94,500 SF of availability in the KMart Center on Wilson Road; 69,500 SF left available after Sarah Outlet vacated their space on Mall View Road, 45,000 SF of vacancy created when Orchard Hardware closed its store on Ming and Ashe, and the 34,904 SF of vacancy caused by the Kern County Northeast Library vacating their space on Columbus Street.

 However, there have been some high points which includes: FoodMax extending their lease of 58,239 at 6300 White Lane, Studio Movie Grill's 44,870 SF lease at 2733 Calloway Drive, Boulevard Fun Center's 42,700 SF lease at 3200 Buck Owens Blvd and the Planet Fitness lease of 25,560 SF at 4001 California Avenue.

 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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