Wednesday, August 31, 2011

Colliers International Completes a 5,612-SF Office Building Sale Totaling $3 Million in Los Angeles




 Los Angeles CA, Aug. 31, 2011 – Colliers International, the second largest global real estate services organization, has completed the sale of an office building located at 1536 N. Highland Ave. (top left photo) in  Los Angeles, Calif. The transaction is valued at $3,000,000.

 Built in 1962, this is a single-story office building with a total of 13,000 square feet of land.  It is located in the heart of Hollywood and is walking distance to Hollywood & Highland, Cinerama Dome, and the Metro stop.

 Kathleen A. Silver, CCIM, Senior Vice President, and Kay Thorpe, Associate, both based in Colliers International’s West Los Angeles office represented the private Sellers, Mher & Sossy Tavidian of Vartan Tavidian. The Buyer, Musicians Institute, Inc. was represented by Ramsey-Shilling Commercial Real Estate Services, Inc.

 “With very little product available of its kind, this was a unique, off-market opportunity successfully closed at the end of August,” said Silver. 

 “To find a commercial building in prime Hollywood area with 18+ parking spots is rare, but we were able to successfully come to terms with Musicians Institute, Inc. who already currently resides on Highland Ave.”



Contact:
Angela S. Hwang
Regional Marketing Coordinator | Greater Los Angeles
Dir +1 213 532 3258 | Mob +1 310 867 4105
Main +1 213 627 1214 | Fax +1 213 327 3258

Colliers International
865 S Figueroa St., Suite 3500 | Los Angeles, CA 90017 | USA


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