Clarion Partners Acquires Retail Property In Compton For $85.8M

The retail property located at 1633 Alameda Street in Compton, Los Angeles, was recently sold in a closed transaction. The property has a total square footage of 281,000 sf and was sold at a price of $85,800,000, resulting in a price per square foot of $372. The transaction took place on April 11, 2018.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $85,800,000
• Address: 1633 Alameda Street, Compton, Los Angeles
• Square Footage: 281,000 sf
• Price Per Square Foot: $372
• Seller: Prism Realty Corp.
• Buyer: Clarion Partners - Joe Sullivan and Stephen Furnary

The buyer in this transaction, Clarion Partners, was represented by Joe Sullivan and Stephen Furnary. They successfully completed the acquisition of the property from Prism Realty Corp.