The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
August 12, 2020
 Search RENTV
 Video Programs
News Home Page
Southern California
Northern California
Pacific Northwest
Prop. Management
Press Releases
 R. E. Marketplace
Service Providers
Property Spotlight
 RENTV  Conferences
Subscriber Login:
Forgot Password?

ETC... ETC...
Printer-friendly Version   Email an Associate
Law Firm Pays $1,387/sf for Beverly Hills Retail/Flex Office Building


An 8k sf, retail and flex-office building in Beverly Hills was purchased by Dordick Law Corp for $11.1 mil, or $1,387/sf, in an off-market deal. The buyer, a personal injury law practice, will take occupancy of the building.

Located at 470 S Beverly Dr, the property features 140 feet of frontage between the corners of South Canon Dr and Whitworth Dr. The unique property, which is a mixed-use, retail-creative office property, sits on more than 12k sf and is poised for future development.

The open floor plan allows for creative uses, and Dordick plans to renovate the space to accommodate the law practice. The property also features 10 parking spaces.

Jonathan Farasat, Patrick Wade, Alex Kozakov and Matt Greenberg with CBRE represented the buyer in the transaction. The seller, Zina Sherman, a fine jewelry designer, was repped by Jeff Resnick and Andrew Gharibian.

“Beverly Hills is one of the most desired markets in the United States with extreme barriers to entry,” said Farasat. “This building sits on the corner of one of the most renowned streets of Beverly Hills. The acquisition was a once-in-a-lifetime opportunity to operate an office in Beverly Hills with future development potential, which is a big bonus.”

Added Wade, “We are seeing traditional retail buildings being repurposed into creative office spaces and other uses, particularly in prime neighborhoods. The demand for well-located assets remains strong in submarkets like Beverly Hills.”

Return to the Archive page





Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2020 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media