 |
| Santa Monica, CA redevelopment site 1513 Lincoln Boulevard |
SANTA MONICA, CA – Marcus & Millichap Real Estate
Investment Services, the nation’s largest real estate investment services firm,
has arranged the sale of a 0.73-acre lot slated for redevelopment in Santa
Monica. The terms of the sale were not disclosed.
Vice
presidents investments Alex Kozakov and Patrick Wade, both in the
firm’s Los Angeles office, represented the seller, a private partnership.
Kozakov and Wade also represented the buyer, an institutional joint venture.
 |
| Alex Kozakov |
“Situated in an A-plus location of Santa Monica, the asset
was in great demand as a mixed-use redevelopment project,” says Kozakov. “The
lot carries the highly desirable zoning designation ‘mixed-use boulevard’ under
the Santa Monica Land Use and Circulation Element.”
Located at 1613 Lincoln Blvd. one parcel south of the
signalized southeast corner at Colorado Avenue and just north of Interstate
10—the Santa Monica Freeway—the site faces the newly planned Expo light-rail
line. The light rail will run along Colorado Avenue and connect downtown Santa
Monica to downtown Los Angeles.
For a complete copy of the company’s news release, please
contact:
Public Relations
(925) 953-1716
No comments:
Post a Comment