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| Katsuya Restaurant, Hollywood Boulevard and Vine Street, Hollywood, CA |
(Photo by Mark Weisberg)
NEWPORT
BEACH, CA –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the
sale of a fully-leased trophy retail property located on the iconic Hollywood
Boulevard and Vine Street intersection in Hollywood, California.
HFF marketed
the property on behalf of the seller, HPD Hollywood Vine, LLC, a partnership
between HP Investors and Drake Capital.
Nahla Capital purchased the asset free and clear of existing debt.
The
Hollywood and Vine retail condo is anchored by Katsuya, one of the premier Japanese restaurants in the world and a
frequent stop for Hollywood A-listers and Zagat critics.
Additional
tenants of the fully-occupied property are The Pie Hole, a family-run bakery
with a strong local following, and Body Energy Club, a regional vitamin and
nutritional supplement store. The
property represents the ground-floor of the historic Broadway Hollywood
Building, built in 1928 and renovated in 2008.
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| Hollywood Walk of Fame Fronts Katsuya Restaurant Building, Hollywood Boulevard and Vine Street, Hollywood, CA (Photo by Mark Weisberg) |
The property
has a Walk Score® of 94 and is across the street from the Hollywood and Vine
Metro Station, which serves nearly 4.5 million passengers per month.
Additionally,
the renowned Hollywood Walk of Fame
fronts the property.
The HFF retail investment sales team representing
the seller was led by director CJ
Osbrink and managing directors Gleb
Lvovich and Bryan Ley.
Holliday
Fenoglio Fowler, L.P., acting by and through Holliday GP Corp., a real estate
broker licensed with the California Department of Real Estate, License Number
01385740.
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 | hfflp.com
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