Mark Hong Of KORUS Real Estate Buys Mixed-Use Building In LA For $13.5M As Buyer's Rep

The $13.5 million sale of 1001 Towne Avenue, a mixed-use building located in Los Angeles's Fashion District, has been successfully transacted. This property comprises 43,700 square feet of retail and office space, with 82 percent of it currently leased to a variety of apparel businesses.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $13,500,000
• Address: 1001 Towne Avenue
• Market: Los Angeles
• Square Footage: 43,700
• Price per Square Foot: $309

The notable individuals involved in this transaction are Mark Schuessler, Ryan Plummer, and Sean Fulp from Colliers International who represented the seller. On the buyer's side, Mark Hong from KORUS Real Estate played a pivotal role in representing the purchasing party.