Property Address: Plaza Pacoima
Square Footage: 203,000
Deal Value: $51.3 million
The Newmark Knight Frank team’s largest Los Angeles area sale in 2019 was the sale of Plaza Pacoima for $51.3 million. NKF represented the seller Federal Realty and the buyer Blackstone in the sale of this 203,000 square foot shopping center located at 13550 Paxton Street in Pacoima. The center was anchored by Costco and Best Buy.
Property Address: 15424 W Sunset Blvd, Los Angeles
Square Footage: 29,747
Deal Value: $51 million
Brian Ley and his team at JLL accomplished this historic purchase in an extremely desirable location, where property tends to stay with the same owners for a very long time.