Newmark Brokers Sell Class A Office Property In Los Angeles For $25.5M

The Class A office property located at 7083 Hollywood Boulevard in Los Angeles was sold for $25.5 million. The building spans 86,606 square feet and was acquired by an undisclosed all-cash buyer. The transaction took place at Hollywood and La Brea, with Newmark representing the seller, Vanbarton Group.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $25,500,000
• Address: 7083 Hollywood Boulevard
• Market: Los Angeles
• SF: 86,606
• Buyer: Undisclosed all-cash buyer
• Seller: Gary M. Tischler - Vanbarton Group
• Brokers: Ken White, Kevin Shannon, Laura Stumm, Michael Moll & Rob Hannan - Newmark

The sale of 7083 Hollywood Blvd. involved notable individuals in the real estate market. Representing the Vanbarton Group as the seller was Gary M. Tischler. The transaction was facilitated by brokers Ken White, Kevin Shannon, Laura Stumm, Michael Moll & Rob Hannan from Newmark, showcasing their expertise in closing deals within the Los Angeles market.