The property involved in this transaction is a retail space located at 2025 Avenue of the Stars in Los Angeles. The asset encompasses 4,000 square feet and is part of a mixed-use development, which includes luxury residences and retail offerings.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: Not disclosed
• Address: 2025 Avenue of the Stars
• Market: Los Angeles
• Landlord: David Reuben Jr. - Reuben Brothers
• Tenant: Paul Marciano, Maurice Marciano & Nicolai Marciano - Wally's Wine & Spirits
• Landlord's Representative: Jay Luchs - Newmark
• Tenant's Representatives: Alexa Skjodt & Peter Peterson - Cultivate Hospitality Group

This lease transaction marks the first new location for Wally's Wine & Spirits since 2021, set to open in the summer at the Reuben Brothers’ Century Plaza, a $2.5 billion project in Century City. The development features a mix of luxury living and high-end dining options, including The Estate wellness center.