Los Angeles, CA. – Kitty Wallace (top right photo), Executive Vice President of Colliers International, the second largest global real estate services organization, just sold The Brockman Lofts (middle left and middle right photos), a mixed-use property with 80 residential loft condominiums and 9,968 square feet of retail space.
The Brockman Lofts was the second highest price per unit sale in Downtown Los Angeles’ history. This landmark 12-story building is situated on 7th Street Restaurant Row at 520 W. 7th Street, Los Angeles, California.
The property’s retail space is occupied by Bottega Louie, one of the highest grossing restaurants in the City.
Wallace, based in Colliers International’s West Los Angeles office, represented the seller, Wickliffe A. Corporation, and the buyer, Simpson Housing, LLLP, a private company based out of Denver, Colorado.
The Brockman Lofts is a beautifully renovated 12-story mixed-use building in Downtown Los Angeles. This legendary property was built in 1917 as an office and retail tower and has since become a classic icon of the Beaux Arts style of architecture.
In 2010 it was extravagantly transformed into 80 elegant lofts through the adaptive reuse ordinance. The property is a historical landmark that is not subject to rent control and the new owner plans to lease out the lofts as luxury apartments.
Contact: Darcie Giacchetto, Spaulding Thompson & Associates, 949.278.6224
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