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LOS ANGELES-A retail building in Beverly Hills has been sold for $16.8 million to a company based in Germany.

The two-story facility encompasses 10,683 sf. It is located at 201 N. Rodeo Ave.

Cushman Realty Corporation’s Downtown and Orange County offices represented the seller, Arai & Co. of Japan. The buyer, Despa DeutscheSparkassen-Immobilien-Anlage-Gesellschaft mbH, was represented by CB Richard Ellis.

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