Tuesday, January 24, 2017

HFF closes sale of retail condo at famous Hollywood and Vine intersection in Hollywood, CA

Katsuya Restaurant, Hollywood Boulevard and Vine Street, Hollywood, CA
                                                                                                                               (Photo by Mark Weisberg)

NEWPORT BEACH, CA –– Holliday Fenoglio Fowler, L.P. (HFF) announced 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. 

Hollywood Walk of Fame Fronts Katsuya Restaurant Building,
Hollywood Boulevard and Vine Street, Hollywood, CA
                                                                                                             (Photo by Mark Weisberg)
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.

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.

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 | hfflp.com

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