Unknown Investment Partner Acquires Property At 150 N Robertson Blvd Beverly Hills For $81.5M

The property involved in this transaction is the Beverly Hills Medical Plaza, a medical office building located at 150 N. Robertson Blvd, Beverly Hills. The asset was sold for $81.5 million and encompasses a total area of 67,510 square feet. At the time of sale, the property was 88 percent leased and has been family-owned since its construction in 1989.

Summary of transaction details:

• Property Type: Medical Office Building
• Transaction Amount: $81,500,000.00
• Address: 150 N. Robertson Blvd, Beverly Hills
• Market: Beverly Hills
• Square Footage: 67,510 SF
• Seller: Unknown
• Buyer: Unknown Investment Partner
• Seller's Representatives: Ken White (Newmark), Kevin Shannon (Newmark)
• Buyer's Representatives: Self-represented

The transaction involved Meridian, which entered into a joint venture with a larger institutional investment partner to purchase the property. The seller, Beverly Hills Medical Plaza Properties, facilitated this off-market sale. Notably, the buyer is planning to make significant capital investments for building improvements.