JRK Property Holdings Acquires Mixed-Use Property In Glendale For $90.7M

The mixed-use property located at 318 W. Wilson Ave in Glendale has been sold in a closed transaction. The transaction took place on March 11, 2021. The property was sold by The Molasky Group and Ovation Development to JRK Property Holdings. The sale was facilitated by brokers Dean Zander, Chris Tresp, and Stew Weston. The property consists of 164 units and includes 15,000 square feet of retail space. The sale price for the property was $90,700,000, equating to a per unit price of $553,048.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $90,700,000
• Address: 318 W. Wilson Ave
• Market: Glendale
• Units: 164
• Retail Space: 15,000 square feet
• Buyer: JRK Property Holdings
• Seller: The Molasky Group & Ovation Development
• Brokers: Dean Zander - Agency, Chris Tresp - Agency, Stew Weston - Agency

The sale of the property was a significant transaction involving multiple parties. Dean Zander, Chris Tresp, and Stew Weston represented the buyer and seller in the deal. The transaction demonstrates the strong demand for mixed-use properties in the Glendale market.