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The Real Deal Los Angeles

Unilev acquires Hollywood shopping center for $13.6M

Seller of the 15,800-sf property was Rick Levy Limited Partnership

July 08, 2016 08:30AM
By Cathaleen Chen

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The strip at 1915 North Bronson Avenue and Unilev CEO Shannon Scoville (credit: CoStar, Unilev)

The strip at 1915 North Bronson Avenue and Unilev CEO Shannon Scoville (credit: CoStar, Unilev)

Beverly Hills-based investment firm Unilev Management has acquired a 15,800-square-foot Hollywood strip center for $13.6 million in an off-market deal.

The portfolio, dubbed Victor’s Square, comprises two freestanding buildings at 1915 through 1931 North Bronson Avenue. The seller was private owner Rick Levy, who controlled the property under an eponymous limited partnership.

Coldwell Banker Commercial WESTMAC agent T.C. Macker represented the buyer, while Leslie Mayer of Cushman & Wakefield represented the seller.

The properties were both fully leased by six tenants at the time of the sale. Unilev was interested in the property as an investment trophy unit, according to CoStar.

Unilev typically adopts investment horizons of more than five years and focuses on shopping centers, office buildings, industrial parks and single-tenant properties, it says on its website.

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