DSC America Offloads Beverly Hills Shopping Center

Kennedy Wilson Brokerage closed the sale of Beverly Palm Plaza, a 11,484 square-foot retail center at the corner of Olympic Blvd. and Palm Dr. in Beverly Hills, for $12.5 million. The property was sold by Kennedy Wilson Brokerage president Ed Sachse and assistant VPs Kyle Fishburn and Jack Nathan on behalf of DSC America, Inc. 

The fully leased neighborhood retail center at 9150-9198 Olympic Blvd. was marketed as a generational trophy asset in a high barrier to entry market. The multi-tenant property features a mix of credit tenancy with Supercuts and Domino’s Pizza along with local favorites such as Sushi Sasabune, Bodhi Thai, Crazy Fish, Traveling Tikes and Zeglio Custom Clothier. It was purchased by a local investor who plans to operate the asset as a leased investment.  

“Beverly Palm Plaza is an extremely attractive asset from an investor perspective for several reasons,” said Sachse. “There is a straightforward value-add component as below-market leases come up for renewal, long-term redevelopment potential, and its location in the city of Beverly Hills allows the buyer and seller to avoid ULA transfer tax.” 

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