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2/16/26
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Embassy Plaza, a 70.1k sf, neighborhood retail center in North Hollywood, was purchased by an L.A.-based private investment entity in a $20.35 mil ($290/sf) deal.
Embassy Plaza is strategically located at 6050-6140 Lankershim Blvd, east of I-70 and just north of Oxnard St, and is anchored by Superior Grocers. The center also features tenants including Starbucks, T-Mobile, Little Caesars and additional shops. The property is currently 67% occupied and presented a unique value-add opportunity through lease-up of remaining vacant space.
The center was well positioned along a major corridor of North Hollywood, supported by the area's dense population, strategic location within the San Fernando Valley and proximity to major transportation corridors. Grocery-anchored retail centers remain particularly attractive to investors seeking well performing, necessity-based retail assets.
JLL Capital Market’s Investment Sales and Advisory team was led by Managing Director
Daniel Tyner, Gleb Lvovich and Geoff Tranchina with JLL Capital Markets represented the buyer in the deal. The seller was also a private investor.
“We worked alongside the buyer to identify a value-add grocery anchored retail center in order to fulfil the buyers 1031 exchange need,” said Tyner. “Ethnic grocery anchored retail centers remain attractive for investors and the value-add potential at Embassy Plaza created a unique opportunity in today’s market.”
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