LOS ANGELES-A $720-per-square-foot retail deal in Orange County looked pretty pricey until a drugstore in Hollywood sold for $1,368 per square foot. The two recently closed deals represent some of the retail action taking place in Southern California as deal flow accelerates and buyers are willing to pay for quality and location, according to brokers in the sales.

The $1,368-per-square-foot sale was the site of a 7,800-square-foot Walgreens that is under construction in Hollywood and sold for $10.71 million, according to senior associate Mark Thiel of the San Diego office of Marcus & Millichap, who represented the buyer. The $720-per-square-foot sale was a 5,789-square-foot shopping center known as Town Center Plaza at 18503 Yorba Linda Blvd. in Yorba Linda, according to senior vice president Jeremy S. McChesney of Irvine-based Hanley Investment Group Real Estate Advisors, who represented the seller.

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