{"id":1004140161,"date":"2016-03-24T08:12:47","date_gmt":"2016-03-24T16:12:47","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004140161"},"modified":"2022-12-08T09:44:55","modified_gmt":"2022-12-08T17:44:55","slug":"melrose-avenue-retail-property-trades-with-help-from-kennedy-wilson","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/melrose-avenue-retail-property-trades-with-help-from-kennedy-wilson\/","title":{"rendered":"Melrose Avenue Retail Property Trades with Help from Kennedy Wilson"},"content":{"rendered":"<p><em>By Alex Girda, Associate Editor<\/em><\/p>\n<p><strong>Los Angeles<\/strong>\u2013 A Melrose Avenue retail asset recently traded hands as real estate brokerage group <a href=\"https:\/\/www.commercialsearch.com\/news\/kennedy-wilson-enters-italy-with-major-acquisition\/\" target=\"_blank\" rel=\"noopener\">Kennedy Wilson<\/a> arranged the sale of the Fred Segal building on Melrose Avenue. As both the seller and buyer, CormackHill was represented by a Kennedy Wilson team consisting of Executive Managing Director Ed Sachse, Executive Vice President Fred Cordova, and Senior Associate Michael Puleo.<\/p>\n<div id=\"attachment_1004140162\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/03\/8100-Melrose-Ave..jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004140162\" data-attachment-id=\"1004140162\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/melrose-avenue-retail-property-trades-with-help-from-kennedy-wilson\/8100-melrose-ave\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/03\/8100-Melrose-Ave..jpg\" data-orig-size=\"400,265\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"8100 Melrose Ave.\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;8100 Melrose Ave.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/03\/8100-Melrose-Ave..jpg?w=400\" class=\"size-medium wp-image-1004140162\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/03\/8100-Melrose-Ave..jpg\" alt=\"8100 Melrose Ave.\" width=\"300\" height=\"199\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/03\/8100-Melrose-Ave..jpg 400w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/03\/8100-Melrose-Ave..jpg?resize=300,199 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004140162\" class=\"wp-caption-text\">8100 Melrose Ave.<\/p><\/div>\n<p>Located at 8100 Melrose Ave., the 29,000-square-foot commercial property offers both retail and restaurant space, and is currently leased out to Ron Herman and Ron Robinson. The property also offers 102 parking spaces, and is placed in an area that features proximity to shopping and fashion districts such as Melrose Place, Robertson Boulevard, The Grove, and the Beverly Center. Continued growth in L.A.&#8217;s trade sector means that more jobs have been created, leading to increased investor appetite in the <a href=\"https:\/\/www.commercialsearch.com\/news\/retail\/\" target=\"_blank\" rel=\"noopener\">retail sector<\/a>.<\/p>\n<p>According to Sachse, \u201cthis was the first time in over 40 years that this high profile property had been on the market.\u201d The property\u2019s attractive location, combined with its history as one of the focal points of L.A.\u2019s high fashion industry of old, have been fruitful as a wide variety of buyers expressed interest in acquiring the asset, Sachse also noted.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The iconic Los Angeles retail property was recently acquired by CormackHill. <\/p>\n","protected":false},"author":237,"featured_media":1004140162,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21743,21783,1594,21742,21749,15],"tags":[],"class_list":["post-1004140161","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-deals","category-investment","category-los-angeles","category-latest","category-retail","category-west"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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