John Simonian Acquires Development Site In Beverly Park For $14.8M

Located in Beverly Park, this development site on 50 Beverly Park Way has been sold in a recent transaction. The property spans across a lot size of 113,256 square feet, offering ample space for potential development opportunities.

Summary of transaction details:

• Property Type: Development site
• Transaction Amount: $14,800,000
• Date: January 22, 2021
• Market: Beverly Park
• Buyer: John Simonian
• Seller: Albert Avdolyan
• Brokers: David Kramer & Rick Hilton - Hilton & Hyland

The transaction involved notable individuals in the real estate industry. David Kramer and Rick Hilton, from the brokerage firm Hilton & Hyland, represented the buyer and seller respectively. This deal demonstrates their expertise and ability to facilitate high-value transactions.