Concord Companies Acquires Office Building On S Beverly Drive In Beverly Hills For $17.5M

A 21,533-square-foot office building located at 449 S Beverly Drive in Beverly Hills, CA, has been sold in a recent transaction.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $17,500,000
• Address: 449 S Beverly Drive
• Market: Beverly Hills, CA

Concord Companies, a buyer in the transaction, acquired the property. Yoav Sarraf from Concord Realty Partners represented the buyer. The seller was represented by Hunt Barnett & Tony Price from LA Realty Partners. The sale price for the office building was $17,500,000, with a price per square foot of $813.

This building has been home to Concord’s corporate headquarters since 2014. The opportunity to purchase the property arose from a longstanding relationship developed between the seller and Concord. The acquisition aligns with Concord's strategy to expand within the Los Angeles market and support its aggressive growth plans in the coming years.