Pegasus Brokers Sale of Theater-Anchored Mixed-Use Property in North Hollywood
LOS ANGELES — Pegasus has arranged the purchase of Laemmle NoHo 7, a marquee theater-anchored retail and office property in the North Hollywood neighborhood of Los Angeles.
Summary
A locally based investor group led by the Laemmle family, founders and operators of Laemmle Theatres, acquired the asset for $6.
LOS ANGELES — Pegasus has arranged the purchase of Laemmle NoHo 7, a marquee theater-anchored retail and office property in the North Hollywood neighborhood of Los Angeles. A locally based investor group led by the Laemmle family, founders and operators of Laemmle Theatres, acquired the asset for $6.5 million. Located at 5240 Lankershim Blvd. in the NoHo Arts District, the 32,809-square-foot property was originally constructed in 2011. The acquisition was completed as part of a 1031 exchange fol
Source
- REBusinessOnlinerebusinessonline.com
