McG John Mayer Steve Elson And Brad Pennington Acquire Mixed-Use Asset For $44M In Los Angeles

The asset involved in this transaction is a mixed-use property located at 1416 North La Brea Avenue in Los Angeles. The sale was finalized for $44,000,000, comprising a total area of 90,000 square feet, resulting in a price per square foot of $488.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $44,000,000
• Address: 1416 North La Brea Avenue
• Market: Los Angeles
• Square Footage: 90,000
• Price per Square Foot: $488
• Buyer: McG; John Mayer; Steve Elson & Brad Pennington - Alta West Partners
• Seller: Jim Henson Company
• Brokers: Bryan Carnes & Robert D. Erickson - Industry Partners

Key individuals in this transaction include McG, John Mayer, Steve Elson, and Brad Pennington, who collectively represent Alta West Partners as the buyers. The seller of the property is the Jim Henson Company, with Bryan Carnes and Robert D. Erickson from Industry Partners acting as the representatives for the transaction.