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Former Woolworth Building in Glendale Goes for $18 Mil

10/09/19

A 43.4k sf, mixed-use retail and office property at 201 N. Brand Blvd in Glendale has traded for $18.1 mil, or $417/sf. The property was sold by Bow Truss Capital LLC.

Formerly an historic Woolworth Building, the recently renovated property is located on a signalized corner, blocks from the Glendale Galleria and Americana at Brand in a highly walkable, heavily trafficked corridor. The building is comprised of storefront retail on the ground floor and offices on the second floor. It was fully leased at the time of sale to tenants including AT&T, Unify Credit Union, 85º and Regus.

Warren Berzack and Slavic Zlatkin with Lee & Associates-LA North/Ventura represented the buyer, a private investor operating under the entity of BrandWilson LLC. The seller was repped by Trevor Carl Nelson with Newmontis Real Estate Investment Management.

“Our buyer was looking for a NNN investment due to the minimal management these assets require,” said Berzack, “and the location, on Brand Boulevard in the heart of downtown Glendale, could not be more ideal for an investor.”





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