Chartwell Real Estate Development Purchases Retail Property From Steve Bacon For $27.8M In Hermosa Beach

The property asset involved in this transaction is a retail space located at 1100 Pacific Coast Highway in Hermosa Beach. The sale was finalized for a price of $27,800,000, encompassing a total square footage of 49,911, which results in a price per square foot of $556.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $27,800,000
• Address: 1100 Pacific Coast Highway
• Market: Hermosa Beach
• Square Footage: 49,911
• Price per Square Foot: $556
• Buyer: Chartwell Real Estate Development
• Seller: Steve Bacon
• Buyer's Representative: Daniel Tyner, Gleb Lvovich & Geoff Tranchina - JLL
• Seller's Representative: Richard Rizika & Xan Saks - Beta Agency

This transaction involved key individuals including the buyer, Chartwell Real Estate Development, and the seller, Steve Bacon. Representation for the buyer was provided by Daniel Tyner, Gleb Lvovich, and Geoff Tranchina from JLL, while Richard Rizika and Xan Saks from Beta Agency represented the seller.