A 13,500-square-foot Banana Republic flagship store in Beverly Hills, Calif., recently sold for $30 million, equal to $2,222 per square foot, a record-breaking price for retail space along the famous North Beverly Drive corridor.

Locally based Meyer Pacific sold the property to Festival Retail Fund 1 LP.

Located at 357 North Beverly Drive, the two-story building is situated on a 7,623-square-foot lot. Owned by San Francisco-based Gap Inc., Banana Republic sells men’s and women’s clothing and accessories.

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Thank you for subscribing to Morning Headlines.
Back to top