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| Single story vacant property, 315--319 North Beverly Drive, Beverly Hills, CA |
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| Marc Schillinger |
LOS
ANGELES, CA –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has
arranged $12.14 million in acquisition financing for a high-street, vacant
retail property at 315-319 North Beverly Drive in Beverly Hills, California.
HFF worked on behalf of
the borrower, Sterling Organization, to place a non-recourse, fixed-rate loan
at $2,583 per square foot.
315-319 North Beverly Drive is a single-story, 4,700-square-foot property located
in the Beverly Hills Golden Triangle on the Rodeo Drive side of North Beverly
Drive. North Beverly Drive is one of United States’ most prominent and
well-known retail and restaurant destinations.
The HFF debt placement
team was led by director Marc
Schillinger, senior managing director Chris
Drew and associate Ryan Ash. This transaction comes immediately after HFF’s
recent $122 million sale of The House of Bijan on Rodeo Drive, which sold for a
record-breaking $19,403 per square foot.
“We are extremely happy
with the result of our marketing efforts on behalf of Sterling Organization,”
Schillinger said. “Demand for high-street product is at an all-time
high.”
For a complete copy of the company’s news release,
please contact:
Kristen M. Murphy
Director, Public Relations
HFF | One Post Office
Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 |
Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com
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