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Hanley Investment Group Sells CVS/pharmacy Anchored Shopping Center in Huntington Beach, Calif. for $13,870,000

IRVINE, CA – March 18, 2013 – (RealEstateRama) — Hanley Investment Group Real Estate Advisors, one of the most dominant retail investment groups in the western United States and a market leader in the sale of retail properties, announced today that William B. Asher, Eric P. Wohl and Edward B. Hanley represented the seller in the sale of a CVS/pharmacy anchored center in Huntington Beach, Calif. The purchase price was $13,870,000, representing a 5.56% capitalization rate and $445 per square foot