 |
| Blake Rogers |
LOS ANGELES, CA ––
Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the $11.1 million
sale of SixThirtyNine, a 0.46-acre
development site slated for a multi-housing community in Los Angeles’ Fairfax
Village District.
HFF marketed the property
on behalf of the seller, Ness Holdings, Inc.
The asset was purchased free and clear of existing debt by Micropolitan.
SixThirtyNine is located
at 639-645 North Fairfax Avenue in the highly-desirable Fairfax Village
District, which is just south of Melrose Avenue, adjacent to West Hollywood,
immediately north of The Grove lifestyle center and a few blocks from several
of Los Angeles’ most sought-after restaurants.
The site has a Walk Score®
of 93 and is slated for a market-rate multi-housing development. Once completed, SixThirtyNine will offer
panoramic views of Los Angeles, including downtown, the Hollywood sign,
Griffith Observatory and the Hollywood Hills.
The HFF investment sales
team representing the seller was led by director Blake A. Rogers.
“The site went through a competitive bidding
process with several highly-qualified developers, both local and national,
vying for the project,” Rogers said.
“Ultimately, Micropolitan was awarded the deal given their track record,
pricing and timing to close.”
For a complete copy of the company’s news release,
please contact:
Olivia Hennessey
Public Relations
Coordinator
HFF | 9 Greenway Plaza
Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax
713.527.8725 | www.hfflp.com
No comments:
Post a Comment