HFF closes sale of retail condo at famous Hollywood and Vine intersection in Hollywood, California
NEWPORT BEACH, CA – January 10, 2017 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the sale of a fully-leased trophy retail property located on the iconic Hollywood Boulevard and Vine Street intersection in Hollywood, California.
HFF marketed the property on behalf of the seller, HPD Hollywood Vine, LLC, a partnership between HP Investors and Drake Capital. Nahla Capital purchased the asset free and clear of existing debt.
The Hollywood and Vine retail condo is anchored by Katsuya, one of the premier Japanese restaurants in the world and a frequent stop for Hollywood A-listers and Zagat critics. Additional tenants of the fully-occupied property are The Pie Hole, a family-run bakery with a strong local following, and Body Energy Club, a regional vitamin and nutritional supplement store. The property represents the ground-floor of the historic Broadway Hollywood Building, built in 1928 and renovated in 2008. The property has a Walk Score® of 94 and is across the street from the Hollywood and Vine Metro Station, which serves nearly 4.5 million passengers per month. Additionally, the renowned Hollywood Walk of Fame fronts the property.
The HFF retail investment sales team representing the seller was led by director CJ Osbrink and managing directors Gleb Lvovich and Bryan Ley.
About HP Investors
HP Investors specializes in the investment and development of commercial real estate. The firm identifies long-term, opportunities across retail, office and mixed-use properties in infill markets along the West Coast. For more information, visit hpinvestors.com.
About Nahla Capital
Nahla Capital is a New York-based real estate private equity firm that manages and invests capital for global private clients in core urban markets in the United States. Visit nahlacapital.com for more information.
HFF and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 23 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.
Holliday Fenoglio Fowler, L.P., acting by and through Holliday GP Corp., a real estate broker licensed with the California Department of Real Estate, License Number 01385740.