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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
- ◦Sale/Acquisition




