184
LOS ANGELES — Markwood Enterprises has acquired a 16,000-square-foot lot in Hollywood for $4.4 million. The lot is located at 7100 Melrose Ave. It currently houses a Chevron gas station. Markwood plans to build a retail and office development on the site. New development would range from 6,000 square feet to 10,000 square feet. Construction should be complete by mid-2015. Markwood was represented by Jason Gribin from Wilson Commercial Real Estate. The unnamed seller was represented by David Aschkenasy of CAG Commercial Asset Group. Wilson’s Scott Burns and Tom Breen from Epsteen and Associates will jointly represent Markwood in leasing efforts.