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Rodeo Drive Retail Property Refi’d for $160M

You can hear more about the trends shaping the retail industry at Connect Retail West coming up on Jan. 22nd at The Resort at Pelican Hill. Here’s where to get more information and register to join us.

A 28,114-square-foot retail property on Beverly Hills’ iconic Rodeo Drive has been refinanced for $160 million, which works out to $5,691-per-square-foot. The fully-leased, two-story property is home to Tom Ford, Bally and Balenciaga, three of the most iconic fashion designers in the world.

Situated on a double lot at 338-346 North Rodeo Dr., the building is in the middle of the premier 300 block and directly across the street from the flagship Gucci store.

That lofty valuation is aligned with Rodeo Drive’s status as one of the world’s premier retail destinations and top consumer retail destination on the West Coast. The market has immense barriers to entry, and is one of the most coveted retail addresses in the world.

HFF’s Marc Schillinger represented the borrower, a private owner, in placing the 10-year, fixed-rate loan with an entity managed by an affiliate of Apollo Global Management, LLC.

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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.

  • ◦Financing
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