High-rise commercial buildings

Sub Markets

Property Sectors

Topics

California CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

New call-to-action
California  + Los Angeles  + Retail  | 

Acadia Claims Coveted Melrose Retail Corridor Portfolio for $48M

White Plains, NY-based Acadia Realty Trust acquired a collection of irreplaceable retail real estate on the exclusive and internationally sought-after Melrose Place shopping corridor for $47.8 million. The portfolio of assets, 8436-8452 Melrose Place, had been held by an entity affiliated with VE Equities named 810-VE Melrose LP.

Acadia Realty Trust’s Kenneth Bernstein says, “In our evolving retail landscape, Melrose Place’s dynamic and complementary mix of fashion, food, and service has enabled its retailers to create a unique presence in Los Angeles, and one that is highly differentiated from other top shopping corridors. We’re thrilled to now be part of it.”

The Melrose Place portfolio features such high-end brands as The Row, Oscar de la Renta, Violet Grey, Chloe, Melanie Grant and L’Agence.

NKF’s Jay Luchs represented the buyer and the seller. The acquisition is Acadia’s first in Los Angeles, and complements its existing portfolio of top retail assets across the nation’s leading street and urban retail corridors.

For comments, questions or concerns, please contact Dennis Kaiser

Connect

Inside The Story

Connect With Acadia Realty Trust’s BernsteinConnect With NKF’s Luchs

About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Sale/Acquisition
New call-to-action
New call-to-action
New call-to-action
New call-to-action
New call-to-action