FRED SEGAL’S MELROSE BUILDING HAS BEEN SOLD

Iconic Los Angeles building 8100 Melrose Ave, a 29,000-square-foot building that houses fashion tenants Fred Segal, Ron Herman, and Ron Robinson, has been sold to retail real estate investor, CormackHill, LP. Details of the sale were not disclosed.

“This was the first time in over 40 years that this high profile property had been on the market. We experienced incredible interest from all types of buyers – local to international and private capital to institutional,” said Ed Sachse, executive managing director of brokerage group Kennedy Wilson. “CormackHill was drawn to this property for its prime retail location in the famed Melrose Heights shopping district and iconic location as the original epicenter of high fashion in Los Angeles.”

In addition to the aforementioned stores, the site includes a 102-space parking lot, and is near to shopping meccas Robertson Boulevard, Melrose Place, The Grove and the soon-to-be remodeled Beverly Center.