Hugo Aviles Of JH Real Estate Partners Acquires FIGat7th Retail Center From Bruce Flatt For $60M

The retail asset located at 735 South Figueroa Street, Los Angeles, CA was sold for $60,000,000. This property, known as the FIGat7th retail center, is 86% leased and features notable tenants such as Target, Sephora, and Zara. The transaction was executed as Brookfield Properties seeks to divest its downtown retail and office holdings due to broader market pressures.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $60,000,000
• Buyer: Hugo Aviles - JH Real Estate Partners
• Seller: Bruce Flatt - Brookfield
• Address: 735 South Figueroa Street
• Market: Los Angeles, CA

This transaction involved Hugo Aviles representing JH Real Estate Partners and Bruce Flatt representing Brookfield. The deal allowed Brookfield to fully satisfy the property’s outstanding debt as part of their strategy to unwind retail and office investments in downtown Los Angeles.