Mike Freno Of Barings Acquires Retail Asset From David Gilbert Of Clarion Partners For $150.7M

The asset involved in this transaction is a retail property located at 12130, 12150 & 12180 Millennium Drive in Playa Vista, CA. The total transaction amount was $150,700,000 for a property measuring 306,809 square feet, resulting in a price per square foot of $491.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $150,700,000
• Address: 12130, 12150 & 12180 Millennium Drive
• Market: Playa Vista
• Square Footage: 306,809
• Price Per Square Foot: $491
• Buyer: Mike Freno - Barings
• Seller: David Gilbert - Clarion Partners
• Brokers: Ken White, Kevin Shannon, Laura Stumm, Michael Moll & Rob Hannan - Newmark
• Mortgage Brokers: Blake Thompson, Henry Cassiday & Jonathan Firestone - Newmark

This transaction highlights the involvement of multiple brokers from Newmark, including Ken White, Kevin Shannon, Laura Stumm, Michael Moll, and Rob Hannan, who facilitated the sale. Additionally, the mortgage aspect was handled by Blake Thompson, Henry Cassiday, and Jonathan Firestone, also from Newmark, signifying a comprehensive brokerage engagement in this competitive market sale.