Hatchspaces Acquires Development Site On Pico Boulevard In West LA

The development site located at 11069 Pico Boulevard in West LA has been sold. The property, owned by Nancy Rosenbloom, was purchased by Hatchspaces for a total of $10,800,000. The site has a building size of 80,000 square feet and a price per square foot of $135. The transaction was facilitated by brokers Paul Darrow and Kevin Green from THG Multifamily, representing Marcus Millichap.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $10,800,000
• Address: 11069 Pico Boulevard, West LA
• Market: West LA
• Buyer: Hatchspaces
• Seller: Nancy Rosenbloom
• Brokers: Paul Darrow & Kevin Green (THG Multifamily) - Marcus Millichap
• Building Size: 80,000 square feet
• Price per Square Foot: $135

The sale of the property was finalized on 07/01/2021. Paul Darrow and Kevin Green, representing THG Multifamily at Marcus Millichap, played a crucial role in facilitating the transaction.