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California  + Los Angeles  + Retail  | 

Cahuenga Corridor Retail Asset Trades for $61M

Santa Monica, CA-based Artisan Realty Advisors acquired Space 15 Twenty, a 40,000-square-foot retail property in Hollywood, CA, from Cahuenga Lofts LLC and Ivar Group LLC for $61 million. The two-building asset is located within the trendy Cahuenga Corridor, at 1520, 1534, 1538 and 1542 N. Cahuenga Blvd. and 1535 Ivar Ave.

Lee & Associates’ Cory Stehr, who represented the sellers, notes “My clients have owned the property since 2006, and it is such a unique property with high visibility and strong branding that it generated quite a few off-market offers over the years. The Hollywood trade area and demographics lay the groundwork for many different opportunities, and Artisan will be exploring a number of options for this property.”

Hollywood has become an epicenter for redevelopment in Los Angeles, with more than $4.8 billion in ground-up and redevelopment projects underway or in planning.

The property is currently leased to six retailers, including anchor Urban Outfitters, Umami Burger, Free People and Pharmacy Boardshop.

For comments, questions or concerns, please contact Dennis Kaiser

Read More News Stories About: Lee & Associates
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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
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