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LOS ANGELES-Intracorp Southern California's Savoy Associates LLCaffiliate has acquired a recently completed 303-unit condominiumproject. Formerly known as the Alexan Savoy in downtown L.A., itwas purchased from Trammell Crow Residential for $100 million. Thedeal marks "the most profitable single asset sale in Trammell CrowResidential's history," according to Kevin Andrade senior managingdirector of Trammell Crow Residential.The project is bounded byFirst, Second, Alameda and Rose streets and occupies a full cityblock in Downtown L.A. It was developed under Trammell Crow's"Alexan," a brand name for the company's properties in a number ofmarkets.The four-and-a-half-story building occupies a site at theconfluence of the Civic Center, the Artists District and LittleTokyo in an area where developers have been creating new housingdevelopments at a brisk pace in recent years. After an initialperiod in which most project were conversions of outdated officebuildings into modern lofts for rent, many of the developments noware brand new construction and a growing number are for-salecondos.Intracorp Southern California acquired the condo complexthrough an affiliate, Savoy Associates LLC in a transaction thatwas brokered by Marc Renard, Marisa Bradanini and Manfred Schaub ofCushman & Wakefield.Intracorp Southern California has sold morethan 200 of the units since opening an on-site sales office inDecember, according to Peter Lauener, president of the company. Theunits average about 900 sf and are selling for $300,000 to morethan $800,000.Designed by Santa Monica-based Van Tilburg, Banvard& Soderbergh, the complex includes units ranging from studiosto floor plans of one to three bedrooms. Amenities include aprivate screening room, a fitness center, a resort-style swimmingpool, a sky deck, business and conference centers and alibrary.