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Bridge Development Partners Acquires Downtown Retail Property For $68M

2445 East 12th Street
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This Retail property located in CA was sold for $68,000,000 about 5 years ago. The brokers of the deal were Jim Halferty and Mike Smith

Bridge Development Partners has acquired a retail property in downtown market for $68 million. The property, located at 2445 E. 12th St., spans a total area of 261,528 square feet. The purchase price per square foot was $260. The transaction took place on February 1, 2019.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $68 million
  • Address: 2445 E. 12th St.
  • Market: Downtown
  • Square Footage: 261,528
  • Price Per Square Foot: $260

The buyer, Bridge Development Partners, acquired the property from the seller, USAA Real Estate Company. The brokers involved in the transaction were Mike Smith and Jim Halferty from Lee & Associates.

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Deals
  • Location
    2445 East 12th Street, Los Angeles, CA 90021, USA2445 East 12th Street, Los Angeles, CA 90021, USA
  • Sale Price
    $68,000,000$68,000,000
    $260 PPSF$260 PPSF
  • Area
    261,528 SF261,528 SF
  • Asset Type
    RetailRetail
  • Parties
    2 Brokers, 1 Agency2 Brokers, 1 Agency

Agents

Jim Halferty

Jim Halferty

Deals1
Sold$68M

Agency

Lee & Associates

Lee & Associates

Agency
Deals972
Volume$10B

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Deal Summary

SALE IMAGE: Mike Smith & Jim Halferty DATE: 02/01/2019 ADDRESS: 2445 E. 12th St. MARKET: Downtown ASSET TYPE: Retail PRICE: $68M SF: 261,528 PPSF: $260 BUYER: Bridge Development Partners SELLER: USAA Real Estate Company BROKERS: Mike Smith and Jim Halferty - Lee & Associates

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2445 East 12th Street

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