Hanley Investment Group, a nationally-recognized boutique real estate brokerage and advisory firm specializing in retail property sales, announced today that Hanley Investment Group’s President Ed Hanley arranged the sale of a 59,500-square-foot Best Buy, located in Boca Raton, Florida, in an off-market transaction. The single-tenant triple-net leased property located on 4.7 acres sold for $11.5 million. The buyer, Magi Henderson LLC, has ties to Santa Monica, California-based Pacific Star, a real estate investment trust. The seller, Palmer Chicago Investment Company, a California general partnership, is affiliated with Black Equities Group of Beverly Hills, Calif.
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