Centers Command Top Prices Totaling $25M

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HUNTINGTON BEACH, CA-Four locally based buyers have acquired retail centers totaling 110,590 sf for top prices totaling nearly $25.4 million, the largest of them the $12.4-million sale of the College Country shopping center here. The other properties include the Warner Springdale Plaza in Huntington Beach, a multi-tenant strip center in Newport Beach and a strip center in Garden Grove.

According to the Irvine-based Hanley Brown Group Real Estate Advisors, which brokered the four deals, the College Country property includes four retail buildings and a two-story office building totaling 59,793 sf. Edward Hanley and Eric Wohl of Hanley Brown Group represented the seller of the center, which was built in 1979 and is situated on 3.77 acres at the southeast corner of Center Avenue and Gothard Street.