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Kitson Leases 5,253 SF Retail Space At 420 N Beverly Drive Beverly Hills

Property Image
LEASED
Houman Mahboubi
Devin Klein
+ 1

California

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Retail5,253 SF
Leased 09/03/2023
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Property Image
LEASED

Kitson Leases 5,253 SF Retail Space At 420 N Beverly Drive Beverly Hills

420 North Beverly Drive

See Similar Deals
Retail5,253 SF
Leased 09/03/2023
Houman Mahboubi
Devin Klein
+ 1
Contact now

Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$0
Total Square Footage:5,253 SF
Transaction Type:Lease

Kitson, an apparel company, has leased 5,253 square feet of space at 420 North Beverly Drive in Beverly Hills. The property, located in a prime retail area, is owned by B & A Management. JLL brokered the lease on behalf of the landlord in response to the high demand for retail space in the area.

Summary of transaction details

The lease of 5,253 square feet at 420 North Beverly Drive was secured by JLL, with brokers Houman Mahboubi, Marisa Renfro, Greg Briest, and Devin Klein representing the landlord, B & A Management. Kitson, an apparel company, sought to expand and relocate its store in Beverly Hills, and this leasing arrangement allowed them to do so. The move was driven by the high demand for prime retail space in the area.

Players

Devin Klein
5 deals$8.5M volume(310) 595-3641
BROKER

Houman Mahboubi
CBRE
10 deals$408.5M volume(310) 210-1428
BROKER


Details

LEASED
IMAGE: Devin Klein, Marisa Renfro, Greg Briest & Houman Mahboubi DATE: 09/03/2023 ADDRESS: 420 North Beverly Drive MARKET: Beverly Hills ASSET TYPE: Retail ~ SF: 5,253 LANDLORD: B & A Management TENANT: Kitson BROKERS: Houman Mahboubi, Marisa Renfro, Greg Briest & Devin Klein - JLL NOTE: Kitson, an apparel company, is moving and expanding its store on Beverly Drive, Beverly Hills, by leasing 5,253 square feet at 420 N Beverly Drive. JLL secured the lease for the landlord, B and A Management, in response to high demand for prime retail space in the area.

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Deal Type
Effective Rent (Annual)

$301,098.79

Total Lease Value

$3,010,987.90

Net Landlord Cash Flow$301,098.79