Arc Capital Partners and Belay Investment Group Successfully Sells Investment in West Hollywood Retail Property
Arc Capital Partners and Belay Investment Group announced the successful sale of their investment in a 100% leased, 18,800-square-foot retail property in West Hollywood, CA. The property, located at 8777-8783 Beverly Blvd and 308-314 N Robertson Blvd, includes a parking lot with 32 spaces. The buyer, US Property Trust, acquired this high-demand asset in the heart of the West Hollywood Design District. Arc purchased the property in 2021 and enhanced its value through tenant engagement and asset repositioning. Tenants include Leica Camera Store & Gallery, FlexForm, and Knoll. The sale highlights Arc's execution capabilities and the resilience of well-located retail assets. The transaction was facilitated by Bryan Ley of JLL and his team.
Arc Capital Partners e Belay Investment Group hanno annunciato la vendita riuscita del loro investimento in una proprietà commerciale di 18.800 piedi quadrati, completamente locata, a West Hollywood, CA. La proprietà, situata al 8777-8783 Beverly Blvd e 308-314 N Robertson Blvd, comprende un parcheggio con 32 posti auto. L'acquirente, US Property Trust, ha acquisito questo asset molto ricercato nel cuore del Design District di West Hollywood. Arc ha acquistato la proprietà nel 2021 e ne ha aumentato il valore attraverso il coinvolgimento degli inquilini e il riposizionamento dell'asset. Gli inquilini includono Leica Camera Store & Gallery, FlexForm e Knoll. La vendita evidenzia le capacità esecutive di Arc e la resilienza degli asset commerciali ben posizionati. La transazione è stata facilitata da Bryan Ley di JLL e dal suo team.
Arc Capital Partners y Belay Investment Group anunciaron la exitosa venta de su inversión en una propiedad comercial de 18,800 pies cuadrados, totalmente arrendada, en West Hollywood, CA. La propiedad, ubicada en 8777-8783 Beverly Blvd y 308-314 N Robertson Blvd, incluye un estacionamiento con 32 espacios. El comprador, US Property Trust, adquirió este activo altamente demandado en el corazón del distrito de diseño de West Hollywood. Arc compró la propiedad en 2021 y mejoró su valor a través de la participación inquilina y el reposicionamiento del activo. Los inquilinos incluyen Leica Camera Store & Gallery, FlexForm y Knoll. La venta destaca las capacidades de ejecución de Arc y la resiliencia de los activos comerciales bien ubicados. La transacción fue facilitada por Bryan Ley de JLL y su equipo.
Arc Capital Partners와 Belay Investment Group은 캘리포니아 웨스트 할리우드에 위치한 100% 임대된 18,800평방피트 규모의 소매 부동산에 대한 성공적인 매각을 발표했습니다. 이 부동산은 8777-8783 베벌리 블러바드 및 308-314 N 로버트슨 블러바드에 위치하며, 32대의 차량을 수용할 수 있는 주차장을 포함하고 있습니다. 구매자인 US Property Trust는 웨스트 할리우드 디자인 지구의 중심부에 있는 이 높은 수요 자산을 인수했습니다. Arc는 2021년에 이 부동산을 구입하고 세입자 참여 및 자산 재배치를 통해 가치를 높였습니다. 세입자에는 라이카 카메라 매장 및 갤러리, 플렉스폼, 그리고 놀이 포함되어 있습니다. 이번 판매는 Arc의 실행 능력과 잘 위치한 소매 자산의 회복력을 강조합니다. 이번 거래는 JLL의 Bryan Ley와 그의 팀이 중개했습니다.
Arc Capital Partners et Belay Investment Group ont annoncé la vente réussie de leur investissement dans une propriété commerciale d'une superficie de 18 800 pieds carrés, entièrement louée, à West Hollywood, CA. La propriété, située au 8777-8783 Beverly Blvd et au 308-314 N Robertson Blvd, comprend un parking de 32 places. L'acheteur, US Property Trust, a acquis cet actif très recherché au cœur du quartier du Design de West Hollywood. Arc a acheté la propriété en 2021 et a augmenté sa valeur grâce à l'engagement des locataires et au repositionnement de l'actif. Les locataires incluent Leica Camera Store & Gallery, FlexForm et Knoll. La vente met en évidence les capacités d'exécution d'Arc et la résilience des actifs commerciaux bien situés. La transaction a été facilitée par Bryan Ley de JLL et son équipe.
Arc Capital Partners und die Belay Investment Group haben den erfolgreichen Verkauf ihrer Investition in eine 100 % vermietete Einzelhandelsimmobilie mit einer Fläche von 18.800 Quadratfuß in West Hollywood, Kalifornien, bekannt gegeben. Die Immobilie, gelegen in der 8777-8783 Beverly Blvd und 308-314 N Robertson Blvd, umfasst einen Parkplatz mit 32 Stellplätzen. Der Käufer, US Property Trust, erwarb dieses gefragte Asset im Herzen des West Hollywood Design Districts. Arc erwarb die Immobilie im Jahr 2021 und steigerte ihren Wert durch Mietereinbindung und Asset-Repositionierung. Zu den Mietern gehören die Leica Camera Store & Gallery, FlexForm und Knoll. Der Verkauf hebt die Durchführungskapazitäten von Arc sowie die Widerstandsfähigkeit von gut gelegenen Einzelhandelsimmobilien hervor. Die Transaktion wurde von Bryan Ley von JLL und seinem Team vermittelt.
- Successful sale of a 100% leased, 18,800-square-foot retail property.
- High-demand location in the West Hollywood Design District.
- Enhanced property value through tenant engagement and asset repositioning.
- Property includes high-profile tenants like Leica Camera Store & Gallery, FlexForm, and Knoll.
- None.
The disposition validated the value creation by Arc which purchased the property in 2021 during the Covid-19 pandemic. The sale of the property represented a rare opportunity for the buyer to acquire an asset in the heart of the West Hollywood Design District and adjacent to
“Through our partnership with Belay, we acquired this property off-market and we identified this as a unique opportunity where we could enhance value over time,” said Quincy Allen, Co-Founder and Managing Partner of Arc. He added, “we were able to solidify the long-term stability of the property by engaging with tenants and repositioning the asset in this extremely attractive mixed-use neighborhood.”
“Going forward, Arc remains focused on middle-market value-add opportunities where the current disruption in the capital markets presents significant opportunities,” added Neville Rhone, Co-Founder and Managing Partner of Arc.
During Arc’s ownership period, they secured accretive leases with the three credit retail operators to stabilize the asset. The property is home to the flagship US Leica Camera Store & Gallery, a cutting-edge destination highly regarded for its quality products, events, and art exhibitions. Other tenants include FlexForm, a high-end Italian furniture store, and Knoll, a furniture store acquired by Herman Miller - a public entity with a market cap of
“We are pleased to have achieved another favorable exit through our programmatic partnership with Arc and believe the success of our investment demonstrates both Arc’s execution capabilities, as well as the resilience of well-located ‘high street’ retail assets,” said Eliza
“We have enjoyed working alongside Arc in bringing another value-add business plan to fruition, and we appreciate the team’s dedication in the face of challenging market conditions associated with experiential infill retail locations during the hold period,” said Jake Loughridge, Managing Director at Belay.
The sale was orchestrated by Bryan Ley of JLL and his team of advisors included Jeff Sause, Geoff Tranchina, Gleb Lvovich, Tim Kuruzar, Daniel Tyner, and Alex Olson.
About Arc Capital Partners
Arc Capital Partners is an institutional real estate owner and investment manager dedicated to redefining real estate in mixed-use environments. Founded in 2013 by principals with over
About Belay Investment Group
Belay Investment Group, LLC is an institutional investment management firm that specializes in granular small to middle market real estate opportunities through the establishment of programmatic partnerships with high-caliber local and specialized operating partners. The firm pursues equity and debt opportunities across the risk spectrum, property types, and geographies, offering its clients scalability and customization. Visit www.belayinvestmentgroup.com for more information.
About US Property Trust
US Property Trust is a leader in the acquisition and ownership of class A retail properties throughout the country. They own and manage a diverse portfolio of shopping centers and commercial real estate across
About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500 company with annual revenue of
View source version on businesswire.com: https://www.businesswire.com/news/home/20241025919432/en/
For Arc Capital Partners information contact
Matt Pressberg, Vectis Strategies
mpressberg@vectisstrategies.com
Source: Arc Capital Partners
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