George Smith Partners Secures Acquisition Financing for $43M Purchase of Fred Segal in Los Angeles

Los Angeles — George Smith Partners has secured financing on behalf of Canadian retail investment firm CormackHill LP for the $43 million acquisition of the iconic Fred Segal retail property at 8100 Melrose Ave. in Hollywood.

George Smith Partners’ Principal David Rifkind and his team arranged the sub-3 percent, floating rate loan with prepayment flexibility.