Nuveen Acquires Studio In Los Angeles For $85M With Brokers Harmon, Donner & Lushing

Nuveen has acquired a studio property located at 2160 East 7th Street, Los Angeles. The transaction was facilitated by the brokerage team of Douglas (Doug) Harmon, Kevin Donner, and Benjamin (Ben) Lushing from Newmark. The property was sold by Related Fund Management and DGMT for a total price of $85,000,000. The studio spans 95,285 square feet, resulting in a price per square foot of $892.

Summary of transation details

• Property Type: Studio
• Transaction Amount: $85,000,000
• Square Footage: 95,285
• Price Per Square Foot: $892
• Address: 2160 East 7th Street, Los Angeles
• Market: Los Angeles
• Buyer: Nuveen
• Seller: Related Fund Management & DGMT
• Brokers: Douglas (Doug) Harmon, Kevin Donner & Benjamin (Ben) Lushing - Newmark

The acquisition of the property by Nuveen was successfully executed with the assistance of the brokerage team from Newmark, led by Douglas (Doug) Harmon, Kevin Donner, and Benjamin (Ben) Lushing. This multi-million dollar transaction highlights the strong demand for studio properties in the Los Angeles market.