Business News1888 Press Release • Hanley Investment Group Sells Interest in Trophy Newport Beach Grocery-Anchored Shopping Center for $35 Million

Hanley Investment Group Sells Interest in Trophy Newport Beach Grocery-Anchored Shopping Center for $35 Million

Hanley Investment Group Sells Interest in Trophy Newport Beach Grocery-Anchored Shopping Center for $35 Million

Edward B. Hanley and Eric P. Wohl of Hanley Investment Group assisted with the sale of stock in the company that owned the landmark Vons Pavilions anchored shopping center located in Newport Beach, Calif., in an off-market transaction. The sale price was $34,890,000, which would represent $790 per square foot on fee simple basis, the highest sale price per square foot in the last 5 years.

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