X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

LOS ANGELES-Ness Holdings has acquired two new properties as part of an expansion of its Southern California portfolio. The first is a six-tenant retail space on Beverly Boulevard in Mid-City near the Grove and the ever-popular Terroni Restaurant. that was purchased for $6.2 million.

“We immediately saw this as a great opportunity to add value by instituting a comprehensive renovation and repositioning program,” says Ness Holdings director, Daniel Mense about the retail acquisition. The property’s tenants are currently leasing space on a month-to-month basis. “With Terroni [Restaurant] as our anchor, we believe we’ll be able to attract more appropriate tenants that better serve this market’s needs.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt
Live Chat

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.