Corona Del Mar-based Hanley Investment Group has arranged the sale of two retail centers totaling nearly 250,000 square feet for $13 million.
Properties included Blaine International, a 130,448-square-foot grocery-anchored shopping center located in Blaine, Washington; and Cedar South Shopping Center, a 118,319-square-foot shopping center located in Cedar City, Utah. A Texas-based investment company acquired the properties from Phillips Edison. Eric Wohl, Edward Hanley and Kevin Fryman of Hanley Investment Group represented the seller and buyer in the sale of Blaine International. Eric Wohl represented the buyer in the purchase of Cedar South Shopping Center.