Alon Abady Acquires Office Building On Pico Boulevard In Los Angeles For $35M

The office building located at 9911 Pico Boulevard in Los Angeles has been sold in a transaction that closed on March 31, 2023. The property, spanning 250,000 square feet, was sold for a total price of $35,000,000, resulting in a price per square foot of $140. The buyer of the property is Alon Abady, while the seller is Blackstone, represented by Kenneth Caplan and Kathleen McCarthy.

Summary of Transaction Details

• Property Type: Office
• Transaction Amount: $35,000,000
• Address: 9911 Pico Boulevard
• Market: Los Angeles
• Buyer: Alon Abady
• Seller: Blackstone - Kenneth Caplan & Kathleen McCarthy
• Buyer's Representative: Bob Safai - Madison Partners
• Seller's Representatives: Kevin Shannon & Rob Hannan - Newmark
• Square Footage: 250,000
• Price per Square Foot: $140

Notably, Bob Safai of Madison Partners represented the buyer, Alon Abady, in the transaction, while Kevin Shannon and Rob Hannan of Newmark represented the seller, Blackstone, which was represented by Kenneth Caplan and Kathleen McCarthy.