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| 360 North Rodeo Drive, Beverly Hills, CA |
LOS ANGELES, CA – JLL Capital Markets has closed the sale of 360 North Rodeo Drive in Beverly Hills, California, on behalf of the Harkham Family.
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| Marc Schillinger |
360 North Rodeo Drive comprises a double lot on the 300 block of Rodeo Drive and is occupied by tenants, including Rolex, Patek Philippe, Ferrari and a former boutique hotel.
The sale is evidence that Rodeo Drive
maintains its position as the most desirable real estate in the world. JLL
utilized its position as one of the world’s leading intermediaries to procure
offers from the most qualified buyers globally.
The JLL team representing the seller was led by Senior Managing Director Marc Schillinger and Executive Vice President Houman Mahboubi.
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| Houman Mahboubi |
The
team also included Geoff Tranchina of JLL’s Retail Capital Markets and
JLL Hotel & Hospitality’s John Strauss, Tony Muscio and James Stockdale.
The buyer was represented by Jay Luchs
of Newmark.
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| Geoff Tranchina |
"Ultimately
the buyer demand was so compelling that the best outcome was a sale. We were
honored to represent the Harkham’s on this very significant transaction for
their family.”
“Tenant demand is also surging, and Rodeo
is on a trajectory to achieve $1,200-per-square-foot rents by 2025,” added
Mahboubi.
Contact:
Kimberly Steele
JLL Manager
Public
Relations
Phone: +1 713 852 3420
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