The property asset involved in the context is a retail space located at 401 North Beverly Drive in Beverly Hills. The asset has a total square footage of 11,300 and is leased under a NNN lease structure. This freestanding building is situated at one of the most iconic corners of the Golden Triangle, allowing for visibility on both Rodeo Drive and Brighton, complemented by private subterranean parking. The property was leased off-market and received multiple offers during the transaction process.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: Not Disclosed
• Address: 401 North Beverly Drive
• Market: Beverly Hills
• Landlord: Lewis David
• Tenant: CHANEL
• Broker: Shanna Naim - Skyview Real Estate Partners
• Lease Type: NNN Lease

Shanna Naim represented the Landlord, Lewis David, in securing this lease agreement with the luxury global retailer, Chanel. The deal highlights the continued interest from luxury tenants in Beverly Drive, particularly given that inventory is limited in the area. Shanna Naim can be contacted for Landlord representation in Beverly Hills.