Los Angeles – The area around the center has a weekday employment population in excess of 500,000 people.
Los Angeles – Hanley Investment Group’s senior vice president Eric Wohl, along with Hanley Investment Urban Retail Advisors’ president Carlos Lopez, represented the buyer and seller in the sale of The Shops at Library Court, located in downtown Los Angeles, for $6.95 million. The buyer was Belford Manor Limited Partnership of Arcadia, California, and the seller was FRG Library LLC of San Francisco.
The Shops at Library Court is situated in the Financial District in downtown Los Angeles. The property sale consists of 9,903 square feet of retail units beneath 90 loft condominiums. The property was fully leased at the close of escrow and includes tenants such as Ocho Mexican Grill, Loose Leaf, Subway, Mitaki, Library Bar and Sixth Street Tavern.
— Scott Reid