Rite Aid

IRVINE, CA - February 18, 2013 - (RealEstateRama) -- Hanley Investment (HI) Urban Retail Advisors, a division of Hanley Investment Group Real Estate Advisors, specializing in the sale and advisory of high profile mixed-use and urban retail properties in dynamic commercial districts across the United States, announced today that Carlos J. Lopez, President of HI Urban Retail Advisors represented the seller in the sale of two landmark retail buildings located in Old Pasadena, one of Southern California’s most dynamic retail districts. The purchase price was $3.7 million, which represented a 5.95% capitalization rate.