Mariano Anthony Antoci Of Erewhon Acquires Retail Building In Downtown Los Angeles For $13.5M

A retail asset located at 940 South Hill Street in Los Angeles was sold for $13,500,000. The property spans an area of 24,432 square feet, equating to a price per square foot of $553.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $13,500,000
• Address: 940 South Hill Street
• Market: Los Angeles
• Square Footage: 24,432
• Price Per Square Foot: $553
• Buyer: Mariano Anthony Antoci
• Broker: Joe Bolognese - Saxum West

The transaction involved Mariano Anthony Antoci, who is associated with the high-end grocer Erewhon. The acquisition of this commercial building has led to speculation regarding the development of a new store. Active entitlements for a previously abandoned 20-story tower are in place at this location.