Landmark Properties Acquires Development Site On South Figueroa Street In Los Angeles For $114.9M

The Development Site located at 3900 South Figueroa Street in Los Angeles has been sold in a closed transaction. The property, which spans an undisclosed square footage, was purchased by Landmark Properties from Ventus Group for a total sale price of $114,865,000.

Summary of Transaction Details

• Property Type: Development Site
• Transaction Amount: $114,865,000
• Buyer: Landmark Properties
• Seller: Ventus Group
• Brokers: Kevin Shannon, Ken White, Ryan Lang, Greg Galusha, Chris Benton, Anthony Muhlstein, Gabe Munson - Newmark

The deal was facilitated by the brokers Kevin Shannon, Ken White, Ryan Lang, Greg Galusha, Chris Benton, Anthony Muhlstein, and Gabe Munson from Newmark. The transaction represents a significant milestone for both the buyer, Landmark Properties, and the seller, Ventus Group, in the Los Angeles market.