INI Investment Corp Acquires Retail Property In Koreatown, LA For $91M

Located in the heart of Koreatown, Los Angeles, a retail property at 928 South Western Avenue has changed hands in a recent transaction. The property, spanning approximately 140,000 square feet, was sold by Korean Shopping Center Inc to INI Investment Corp for a sale price of $91,000,000. This vibrant retail asset is situated in a bustling market, making it an attractive investment opportunity.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $91,000,000
• Address: 928 South Western Avenue, Koreatown, LA
• Market: Koreatown, LA

Representing the buyer, INI Investment Corp, was the brokerage firm CBRE. Johnny Choi and Timothy L. Bower, from CBRE, played instrumental roles in facilitating the successful transaction. Their expertise and market knowledge contributed to the smooth completion of the deal.