The asset involved in this transaction is a retail property located at 8825 Wilshire Boulevard in Beverly Hills, CA. The lease encompasses a total area of 37,561 square feet, facilitating the operations of Mercedes-Benz of Beverly Hills, which is part of the Fletcher Jones Company. This location is strategically situated in a prime Wilshire corridor surrounded by various luxury auto brands.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: Not disclosed
• Address: 8825 Wilshire Boulevard
• Market: Beverly Hills, CA
• Square Footage: 37,561
• Landlord: 8825 Wilshire LLC
• Tenant: Mercedes-Benz of Beverly Hills - Fletcher Jones Company
• Broker: Jodi Meade - Avison Young

Jodi Meade from Avison Young represented the landlord in this transaction. The lease is structured as a multi-decade agreement, which indicates a long-term commitment to the location. The tenant, Mercedes-Benz of Beverly Hills, opted to relocate from its previous site on Beverly Boulevard as part of its expansion strategy.