REBusinessOnline

FORMER HAMBURGER’S DEPARTMENT STORE CHANGES HANDS IN DOWNTOWN LA

LOS ANGELES – Waterbridge Capitalhas acquired a 1-million-square-foot building that formerly served as a department store for Hamburger’s and May Company for an undisclosed sum. The building is sits directly adjacent to the Historic Core, Financial, and South Park districts.

The new owner plans to convert the property into a creative space.It will be the first creative campus of this size for the technology industry in Downtown Los Angeles according to CBRE, which represented the seller.

Waterbridge was represented by Frank Lahijani and Jeremiah Curry of Global Commercial Real Estate. The seller, an undisclosed family ownership, was represented by CBRE’s Phillip Sample, Chris Caras and Michael Shustak.

Content Partners
‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Northmarq
‣ Pavlov Media
‣ Walker & Dunlop

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