Commercial Real Estate

COLDWELL BANKER COMMERCIAL WESTMAC ARRANGES $12 MILLION SALE TO PRIVATE INVESTOR IN BEVERLY HILLS, CA


FOR IMMEDIATE RELEASE

COLDWELL BANKER COMMERCIAL WESTMAC ARRANGES $12 MILLION SALE TO PRIVATE INVESTOR IN BEVERLY HILLS, CA

June 9, 2014

BEVERLY HILLS, CA – A private, Silicon Valley based investor has sold its Beverly Hills property at 340 N. Camden Drive for about $12 million to North Camden Properties.

This is the 4th off-market purchase orchestrated by Mr. Alex Nehorai in the last 12 months. His primary focus has been on assets in the cities of Beverly Hills and Santa Monica highlighted by the Santa Monica Honda property which is situated on 75,000 square feet of valuable land on two corners of Santa Monica Blvd.

In an interview with Mr. Nehorai, he stated "We truly value the relationships we have and appreciate the efforts of the brokers that have brought them to us. TC & Brian were great to deal with and helped make this a smooth transaction. We look forward to expanding our portfolio in this region and welcome new opportunities".

“The property was fully leased at time of sale with quality tenants including Gucci, Prada and Engel & Volkers.” T.C. Macker, CCIM said. Mr. Brian Peterson added “Our client got a trophy property in one of the most highly sought after areas in the world. The 3-story building has been fully remodeled and brought up to current codes to accommodate its prestigious tenants.

T.C. Macker, CCIM and <a href="mailto:peterson of Coldwell Banker Commercial WESTMAC represented the Buyer and the Seller.

About Coldwell Banker Commercial

Coldwell Banker Commercial WESTMAC is a Los Angeles based commercial real estate brokerage firm founded in 1988 by one of L.A.’s most recognized commercial real estate brokers Timothy C. Macker. Our firm is a full service real estate company that provides exemplary consultation, advisory and marketing services to property owners, users, developers and investors. Since 2000, the company has been an affiliate and franchisee of Coldwell Banker Commercial organization tracing its roots back to 1906.

Our 30+ professionals specialize in four distinct market niches: office, industrial, retail and multi-family properties. Among the primary services the firm provides are exclusive marketing of both for-sale and for-lease properties, representation of tenants seeking to lease commercial space, and consultation to real estate investors, developers and owners on the disposition or acquisition of commercial property.

The firm, which is 100% privately held, has been the top producing affiliate worldwide for Coldwell Banker Commercial for the last 3 years and 9 years in the “Commercial Elite” which honors the top 15 out of 220 offices worldwide. In addition to being the #1 office, we also had the distinction in 2007 and 2009 of having the #1 producer out of 3,400 professionals worldwide. The firm’s milestones are also apparent by the quality of its clients, which include major corporations to small businesses to individual investors.

Our standard is “The client’s best interest must be the guiding force behind all services.”

Key words: Beverly Hills, CRE, CCIM, development, Coldwell Banker Commercial WESTMAC, #tcmacker, www.westlacommercial.com

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