Litwin Management Acquires Retail Property From Pirooz Zarrabian For $20.35M In North Hollywood

The retail asset located at 6140 Lankershim Boulevard in North Hollywood was sold for $20,350,000. The property spans a total of 70,121 square feet, translating to a price per square foot of $290.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $20,350,000
• Address: 6140 Lankershim Boulevard
• Market: North Hollywood
• Square Footage: 70,121
• Price Per Square Foot: $290
• Buyer: Litwin Management
• Seller: Pirooz Zarrabian
• Brokers: Daniel Tyner, Gleb Lvovich & Geoff Tranchina - JLL

Daniel Tyner, Gleb Lvovich, and Geoff Tranchina from JLL represented the seller, Pirooz Zarrabian, in this transaction involving the retail property in North Hollywood. This deal highlights the active market dynamics and representation in commercial real estate transactions.