Project Description
LA COLONNADE | 468 N. CAMDEN | BEVERLY HILLS | CA
May 15, 2013: Madison Partners is pleased to announce the off-market sale of La Colonnade, located at 468 N. Camden in the prestigious Golden Triangle of Beverly Hills. The 3-story mixed-use building totals 24,000 SF and is situated on .3 acres of land on the corner of S. Santa Monica Boulevard and N. Camden Drive.
468 N. Camden features an excellent parking ratio, a rooftop patio and is one block west of Rodeo Drive’s retail epicenter that houses high-end designers such as Chanel, Gucci, Roberto Cavalli and Fendi. The project was 83% leased at close of sale. 3D Investments, a Los Angeles based private real estate management firm, purchased the property for $24,000,000 or $1,000 per square foot.
Bob Safai and Matt Case of Madison Partners and Hunt Barnett of LA Realty Partners represented Grosvenor, the seller in the disposition.
