Sloan Capital buys Beverly Hills luxury retail center
Transaction valued at $275 million
By Inman News, Monday, September 17, 2007.Sloan Capital has acquired a luxury retail property in Beverly Hills, Calif., in a deal valued at $275 million.
The company purchased Two Rodeo Drive in Beverly Hills from Rodeo Owner Corp.
Located at the corner of Rodeo Drive and Wilshire Boulevard, the property is a world-renowned luxury shopping, dining and lifestyle destination featuring 129,000 square feet of prime retail space. Tenants include Tiffany & Co., Versace, Jimmy Choo, Rene Caovilla, Damiani, Cole Haan, Jose Eber and other world-renowned fashion brands, as well as high-end restaurants and salon services.
Cushman & Wakefield represented the buyer in the transaction, and Strategic Real Estate Advisors and Falcon Real Estate represented the seller.
***
What's your opinion? Send your Letter to the Editor to opinion@inman.com.
All rights reserved. This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this content without permission is a violation of federal copyright law.
You must login or register to post a comment.