NHN Global Inc Acquires Office Building In DTLA For $22M

Located in the heart of DTLA, the office property at 510 Broadway recently changed hands in a closed transaction. The sale, which took place on January 23, 2019, saw NHN Global Inc acquire the property from RYDA for a substantial sum of $22 million. With a total area of 36,974 square feet, the office space was purchased at a price of $595 per square foot.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $22 million
• Address: 510 Broadway
• Market: DTLA

Facilitating the deal were brokers Andrew Tashjian and Michael Gooch from CushWake, as well as Carle Pierose from Industry Partners. Their expertise and negotiation skills played a significant role in ensuring a successful transaction for both buyer and seller.