$245 million
A limited-liability company tied to Bernard Arnault, CEO of Louis Vuitton’s parent company, acquired a two-story building at 468 N. Rodeo Drive, in Beverly Hills, Calif., from a family trust, The Real Deal reports. The property measures 12,170 square feet on the ground floor and 10,100 square feet on the second. The paper reports that Brooks Brothers leased the property for 15 years before vacating in August.
468 N. Rodeo Drive, occupied until recently by Brooks Brothers, is now owned by an LLC tied to Louis Vuitton's parent company
$38.3 million
A San Diego–based 1031 exchange buyer acquired Triangle Center, in Longview, Wash., from Chicago-based Highlands REIT. A Winco Foods anchors the 260,600-square-foot community center, but the store was not part of the deal. Bed Bath & Beyond, Michaels and Petco are among the tenants.
$38.3 million snagged Triangle Center, in Longview, Wash.
$23.75 million
Crystal Cal No. 1, LLC., acquired a shopping plaza near Los Angeles, at 1205 E. Valley Blvd., in Alhambra, Calif., from Valley Investment Co. The lot, which several shops have leased, measures 141,400 square feet.
$15.1 million
A Miami-based private fund acquired a 90,350-square-foot property in Medina, Ohio, net-leased to Giant Eagle from a Chicago-based private REIT. Institutional Property Advisors, a division of Marcus & Millichap, represented the seller.
$14.5 million
Novant Health's real estate arm bought the 175,000-square-foot Sears store at the CBL-owned Hanes Mall, in Winston-Salem, N.C., from SRC Facilities, a subsidiary of Sears Holdings Corp. The 17-acre property includes an automotive store outparcel and surrounding parking lots.
$4.1 million
A private investor in Scottsdale, Ariz., acquired a multitenant retail building in Greenfield, Wis., occupied by Mattress Firm and a mix of national and local tenants.
By Edmund Mander
Director, Editor-In-Chief/SCT
