Saturday, June 4, 2016

HFF closes $11.1 million sale of multi-housing development site in Los Angeles’ Fairfax Village District

Blake Rogers
LOS ANGELES, CA –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the $11.1 million sale of SixThirtyNine, a 0.46-acre development site slated for a multi-housing community in Los Angeles’ Fairfax Village District.

HFF marketed the property on behalf of the seller, Ness Holdings, Inc.  The asset was purchased free and clear of existing debt by Micropolitan.

SixThirtyNine is located at 639-645 North Fairfax Avenue in the highly-desirable Fairfax Village District, which is just south of Melrose Avenue, adjacent to West Hollywood, immediately north of The Grove lifestyle center and a few blocks from several of Los Angeles’ most sought-after restaurants. 

The site has a Walk Score® of 93 and is slated for a market-rate multi-housing development.  Once completed, SixThirtyNine will offer panoramic views of Los Angeles, including downtown, the Hollywood sign, Griffith Observatory and the Hollywood Hills. 

The HFF investment sales team representing the seller was led by director Blake A. Rogers.

 “The site went through a competitive bidding process with several highly-qualified developers, both local and national, vying for the project,” Rogers said.  “Ultimately, Micropolitan was awarded the deal given their track record, pricing and timing to close.”

For a complete copy of the company’s news release, please contact:

Olivia Hennessey
Public Relations Coordinator
HFF | 9 Greenway Plaza Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax 713.527.8725 |

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