Jereme Snyder of Sperry Van Ness in Irvine notes that the buyerpaid a $1 million non-refundable deposit with the execution of thecontract and closed escrow in 60 days at a price that "exceeded theseller's expectations." Snyder and Geoff Tranchina of Sperry VanNess in Los Angeles represented the seller, with the buyerrepresented by Robert Zaharia of Sperry Van Ness in LosAngeles.

Built in 1992 and situated on 14.97 acres, the WhittierMarketplace consists of seven buildings and is occupied by Ralph'ssupermarket, Sav-on Drugs, AutoZone, Radio Shack, Subway andothers. The property also includes Denny's, McDonald's, Blockbusterand Pacific Auto Spa that are on ground leases. The center islocated in the uptown Whittier trade area in front of Whittier HighSchool at the corner of Whittier Boulevard and Hadley Street, anintersection with a traffic count of approximately 35,000 cars perday.

In the West Los Angeles deal, a private investor based inBeverly Hills acquired the ground floor retail space of a 60-unitcondominium development located at 12222 Wilshire Blvd. for $6.3million, according to the Irvine-based Hanley Brown Group. The $644per sf is one of the highest prices per sf paid for a retailproperty in the area, according to Eric Wohl of Hanley Brown, whorepresented the buyer and the seller.