Daniel Negari Purchases Retail Space At 1355 3rd Street Promenade For $16.75M From Robert Rehz

This retail property, located at 1355 3rd Street Promenade in the Santa Monica market, has been sold for a transaction amount of $16,750,000. The asset encompasses a total of 28,480 square feet, translating to a price per square foot of $588.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $16,750,000
• Address: 1355 3rd Street Promenade
• Market: Santa Monica
• Seller: Robert Rehz
• Buyer: Daniel Negari
• Seller's Representatives: Jake Zacuto, Jackie Lubrano & Benjamin Khoubian - Zacuto Group

The transaction involved key individuals including buyer Daniel Negari, who acquired the retail asset, and seller Robert Rehz, who divested the property. The seller was represented by Jake Zacuto, Jackie Lubrano, and Benjamin Khoubian from the Zacuto Group, facilitating the process of the sale.