Sears Building
Los Angeles, CA
 
  • Purchased from Sears Roebuck and company

  • Mostly vacant 1.8 million square foot loft building converted to mixed use office and retail

  • Expanded and renovated the existing Sears store, doubling the size, and prepared the building for multi tenant occupancy

  • Developed new retail for credit tenancy on the site, and attracted substantial tenancy to the once derelict property

  • Reinforced the existing structure in order to comply with modern earthquake codes

  • Prime Location in Los Angeles, California

  • Exited property by sale to a partner

  • IRR during investment period 36.7%

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425 East 52nd Street

New York, NY 10022

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