LOS ANGELES, CA, Oct. 31, 2011 – Colliers International, the third largest global real estate services organization, has completed the sale of a 15, 978-square-feet retail property located at 7500 Melrose Ave., (top left photo) Los Angeles. The transaction value remains confidential.
Fred Córdova, Senior Vice President/CART Western Regional Director, Tom Lagos, Director of Retail Services Group, Morgan McEvoy, Vice President, Frank Magana, Associate, and Ryan Eddy, Associate, all based in Colliers’ Downtown Los Angeles office along with Mike Fay, President of Colliers’ Miami office, represented the Seller. The Buyer, Fresh & Easy, was represented by Mike Grannis and Brent Cunningham of Highland Partners.
Built in 1997, this Fresh & Easy location offers street-front retail and restaurant space and 6:1 on-site parking, and is well-located in the heart of the Hollywood / Melrose retail corridor.
“This was a sale to an owner/user, Fresh & Easy, who saw the terrific opportunity to gain a position in the Hollywood and Melrose community,” said Córdova.
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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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