Marc L. Luzzatto & Asher H. Luzzatto Acquire Office In Los Angeles For $22.79M

Located in Los Angeles, the office property at 3317-3325 Exposition Place has been sold in a recent transaction. The buyers, Marc L. Luzzatto and Asher H. Luzzatto from Luzzato Co., acquired the property from Lion Real Estate Group LLC. The deal was facilitated by Newmark, the broker representing the parties involved.

Summary of Transaction Details

• Property Type: Office
• Transaction Amount: $22,790,000
• Address: 3317-3325 Exposition Place, Los Angeles
• Market: Los Angeles
• Buyer: Marc L. Luzzatto & Asher H. Luzzatto - Luzzato Co.
• Seller: Lion Real Estate Group LLC
• Broker: Newmark
• Square Footage: 29,680
• Price per Square Foot: $767

This transaction highlights the activity in the Los Angeles office market. Marc L. Luzzatto and Asher H. Luzzatto of Luzzato Co. successfully acquired the property, demonstrating their interest in expanding their portfolio. Lion Real Estate Group LLC, the seller, recognized the value of the property and engaged Newmark as their broker representative.