HOLLYWOOD, CA, Oct. 31, 2011. – Colliers International, the third largest global real estate services organization, has completed the sale of a 3,950-square-feet property located at 801 Seward St (top left photo). and the sale of 7,405-square-feet parking lot located at 758 Seward St (lower right aerial map). in Hollywood, Calif. The total transaction is valued at $1.92 million. Kathleen A. Silver, CCIM, Senior Vice President, and Kay Thorpe, Associate, both based in Colliers International’s West Los Angeles office represented the Buyer,D’ziner Sign Company. The Sellers, private investors, were represented by Nicole Mihalka of Cushman & Wakefield.
The property boasts a corner location and is a freestanding, creative office building with a large open space in the heart of Hollywood Media District providing an ideal fit for D’ziner Sign Company to design and fabricate signs.
“With very little product available of its kind, to find a commercial building in prime Hollywood, with a large parking lot nearby for sale as well, is a rare and unique find," said Silver.
“We were able to successfully locate these two properties to complete a needed 1031 exchange requirement for D’ziner Sign Company, a premier sign company serving the entertainment industry,” added Thorpe.
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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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