Hollywood, CA – December 29, 2011 – (RealEstateRama) — Colliers International, the third largest global real estate services organization, has completed the sale of a 4,026-square-feet property located at 1542 Cassil Place Hollywood, Calif. The total transaction is valued at $1.295 million.
Kathleen A. Silver, CCIM, Senior Vice President, and Kay Thorpe, Associate, both based in Colliers International’s West Los Angeles office represented the Seller, Cassil Management LLC, along with Steve Tronson and John Tronson of Avison Young. The Buyer, 1542 Cassil LLC, a full-service post production rental equipment company, was represented by Lori King of Avison Young.
The property was originally built in 1964 but was completely rebuilt in 2001. It is a two-story, class A free standing commercial building in heart of Hollywood boasting highly improved features with modern architectural design.
“With very little product available of its kind, this prime Hollywood creative office, commercial building – with ample parking is a rare and unique find for any owner-user in the market,” said Silver.
“We were able to successfully locate an owner-user searching for their own building in the area,” added Thorpe.
About Colliers International
Colliers International is the third-largest commercial real estate services company in the world with 12,500 professionals operating out of more than 500 offices in 61 countries. A subsidiary of FirstService Corporation (NASDAQ: FSRV; TSX: FSV and FSV.PR.U), it focuses on accelerating success for its clients by seamlessly providing a full range of services to real estate users, owners and investors worldwide, including global corporate solutions, brokerage, property and asset management, hotel investment sales and consulting, valuation, consulting and appraisal services, mortgage banking and research. Commercial Property Executive and Multi-Housing News magazines ranked Colliers International as the top U.S. real estate company and the latest annual survey by the Lipsey Company ranked Colliers International as the second most recognized commercial real estate brand in the world.
Since 1908, Colliers has stood at the forefront of the Los Angeles real estate industry. Today, Colliers operates seven offices throughout Greater Los Angeles, including Downtown Los Angeles, Orange County, Inland Empire, South Bay, San Fernando Valley, Santa Clarita and Commerce. Follow us at www.twitter.com/colliersgla.
Angela S. Hwang
Regional Marketing Coordinator | Greater Los Angeles
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angela.hwang (at) colliers (dot) com
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