ECA Capital Limited Sells Retail Property At 338 North Rodeo Drive For $400 Million

A retail property located at 338 North Rodeo Drive in Beverly Hills has been sold for an amount exceeding $400 million. The property spans 28,000 square feet and has a price per square foot of approximately $14,286. It is currently leased to notable brands such as Tom Ford, Moncler, and Balenciaga, and this transaction has set a single-property record for the street while marking the second-highest sale ever in Beverly Hills.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $400,000,000
• Address: 338 North Rodeo Drive
• Market: Beverly Hills
• Square Footage: 28,000
• Price per Square Foot: $14,286
• Seller: Ronan McNamee - ECA Capital Limited
• Broker: Jay Luchs - Newmark

The seller, ECA Capital Limited, under the leadership of Ronan McNamee, acquired the property in 2007 for $81.5 million. The deal was brokered by Jay Luchs from Newmark, with Crown Equity’s Michael Shabani also playing a role in the transaction, while the identity of the buyer remains undisclosed.