SVN, NAI Capital Negotiates $11M Sale of Retail Property in West Hollywood

by Nellie Day

WEST HOLLYWOOD, CALIF. — SVN-Rich Investment Real Estate Partners and NAI Capital have arranged the sale of Hollyway Center, a retail property located at 8351 Santa Monica Blvd. in West Hollywood.

The Levitt Family Trust sold the property for $11 million, more than $1,250 per foot. The 8,790-square-foot property consists of three retail units. Hollyway Cleaners and Earthbar are the major tenants at the property.

Rob Zaharia of SVN and Tim Steuernol of NAI Capital represented the seller, while David Chasin of Pegasus Investments represented the buyer in the transaction.

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