Colliers International Sells 15, 978-Square-Feet Retail Property in Los Angeles
Los Angeles, CA – October 31, 2011 – (RealEstateRama) — Colliers International, the third largest global real estate services organization, has completed the sale of a 15, 978-square-feet retail property located at 7500 Melrose Ave., Los Angeles. The transaction value remains confidential.
Fred Córdova, Senior Vice President/CART Western Regional Director, Tom Lagos, Director of Retail Services Group, Morgan McEvoy, Vice President, Frank Magana, Associate, and Ryan Eddy, Associate, all based in Colliers’ Downtown Los Angeles office along with Mike Fay, President of Colliers’ Miami office, represented the Seller. The Buyer, Fresh & Easy, was represented by Mike Grannis and Brent Cunningham of Highland Partners.
Built in 1997, this Fresh & Easy location offers street-front retail and restaurant space and 6:1 on-site parking, and is well-located in the heart of the Hollywood / Melrose retail corridor.
“This was a sale to an owner/user, Fresh & Easy, who saw the terrific opportunity to gain a position in the Hollywood and Melrose community,” said Córdova.
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.
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Angela S. Hwang
Regional Marketing Coordinator | Greater Los Angeles
Dir +1 213 532 3258 | Mob +1 310 867 4105
Main +1 213 627 1214 | Fax +1 213 327 3258
angela.hwang (at) colliers (dot) com
Colliers International
865 S Figueroa St., Suite 3500 | Los Angeles, CA 90017 | USA
www.colliers.com
