Private equity head Peter Nolan lists Manhattan Beach mansion for $23M

Los Angeles /
Feb.February 27, 2017 12:45 PM

Peter Nolan, senior advisor at West L.A. private equity firm Leonard Green & Partners, is saying goodbye to the shores of Manhattan Beach.

The executive listed his estate on Pacific Avenue with an asking price of $22.5 million, or about $2,122 a square foot, The Real Deal Has learned.

The classic Nantucket-style property sits on more than half an acre and features six bedrooms and six bathrooms. It also includes a detached one-bedroom, one-bathroom guest cottage.

The 10,600-square-foot home features a wine cellar, gym and observation deck. Guest quarters feature an underground “man cave” with a pool hall, library, wine cellar and gym. The backyard has two outdoor kitchens, cabana area and a basketball court.

Property records show Nolan acquired the home in 1996 but the price is unclear.

Nolan stepped down as managing partner at Leonard Green & Partners in 2014 to assume his current role as senior advisor. The move was to increase his focus on his foundation and charitable work as well as his family office Nolan Capital Inc., which recently took a controlling stake in restaurant chain Fresh Brothers. Nolan joined Leonard Green in 1997, helping the firm grow from $500 million in assets under management to now more than $24 billion.

David and Jennifer Caskey of Strand Hill Properties have the listing.


Related Articles

arrow_forward_ios
Rendering of the proposed project site at 401 Rosecrans and 3770 Highland avenues, Manhattan Beach (Withee Malcolm Architects)
Manhattan Beach planners reject residents’ attempts to trim 4-story apartment complex
Manhattan Beach planners reject residents’ attempts to trim 4-story apartment complex
California Association of Realtors President Otto Catrina (GAOR, iStock)
Realtors’ rep sues six cities for failing to adopt state housing plans
Realtors’ rep sues six cities for failing to adopt state housing plans
(Getty)
Governor’s signature means Bruce’s Beach transfer can move forward
Governor’s signature means Bruce’s Beach transfer can move forward
The Bruce family built the resort for Black families who were barred from other beaches in the early 1900s. (Getty)
State likely to return Manhattan Beach land to descendants of Black pioneers
State likely to return Manhattan Beach land to descendants of Black pioneers
The Bruce family built the resort for Black families who were barred from other beaches in the early 1900s. (Getty)
Bill would return Manhattan Beach land seized from Black couple century ago
Bill would return Manhattan Beach land seized from Black couple century ago
Four of the top residential listings this week
Here are the priciest resi listings in LA County last week
Here are the priciest resi listings in LA County last week
Malibu Real Estate Investments principals Bedros Oruncakiel and Kirkor Suri
Malibu spec mansion lists amid softening luxury market
Malibu spec mansion lists amid softening luxury market
Chandler Parsons and his property on Stone Canyon Road (Credit: Getty Images)
Durant wants out of Malibu, and now Chandler Parsons is listing his Bel Air mansion
Durant wants out of Malibu, and now Chandler Parsons is listing his Bel Air mansion
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...