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California  + Los Angeles  + Retail  | 

Bolour Acquires Value-Add Retail in LA’s Silver Lake District

Bolour Associates Inc. has acquired a high-profile neighborhood retail center for $6.55 million in the Silver Lake district of Los Angeles. Totaling 9,884 square feet, the property sits on a signalized corner at 2829 – 2843 Hyperion Ave., within a Los Angeles State Enterprise Zone, surrounded by some of the market’s most popular grocery tenants, boutique retailers, restaurants and bars.

The property is 50% leased to a mix of tenants including Pinkberry, Standing Egg Coffee, Cats and Dogs and The Village Vet. As part of a comprehensive value-add and lease-up strategy, Bolour will complete both exterior capital improvements and interior tenant improvements designed to enhance the center’s appeal and drive leasing momentum.

“Strong in-place cash flow, significant lease-up potential and a prime location made this a compelling opportunity that capitalizes on our value-add expertise,” said Bolour CEO Mark Bolour.

Oron Maher of Maher Commercial Realty represented the building seller.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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