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California  + Los Angeles  + Retail  | 

Iconic Wally’s Wine & Spirits Westside Site Sold

The former home for more than 30 years of the iconic Wally’s Wine & Spirits store in West Los Angeles has sold to an unnamed private SoCal investor for a price reportedly north of $16 million. Multiple buildings totaling roughly 27,000 square feet are spread across three parcels at 2107 to 2121 Westwood Blvd.

The lot size and LAC4 Zoning creates a variety of potential opportunities for the new buyer. The property with nearly 200 feet of Westwood Blvd. frontage is a generational asset that has sold during a unique time as Westwood Blvd. and the surrounding area begins to transform and be developed. The site is situated just north of Google’s new 600,000-square-foot office campus, which is projected to open by 2022.

The Passman Group’s David Passman, Michael Navi and Marc Pakravan represented the unnamed private seller. The seller was advised by Richard Drapkin.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as 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, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

  • ◦Sale/Acquisition