Arc Capital Partners acquires urban retail properties from ASB
Transactions - MAY 5, 2021

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Arc Capital Partners acquires urban retail properties from ASB

by Released

ASB Real Estate Investments has sold two retail buildings near the corner of Beverly and Robertson boulevards in West Hollywood, Calif., to Arc Capital Partners in partnership with Belay Investment Group.

The properties, which are 100 percent leased to three high-credit retailers, comprise a total of 18,838 square feet of space. The sale to Arc was made by ASB on behalf of its Allegiance Real Estate Fund, a $7.4 billion core vehicle.After acquiring the assets in 2013, ASB renovated and re-leased the 8,838-square-foot building at 308–314 N. Robertson Blvd. to Knoll Home Design and Flexform Furniture. The 10,000-square-foot 8783 Beverly Blvd. building is leased to Leica Camera for the firm’s flagship retail store and photography gallery.

“The Beverly Robertson properties reflect the well-located, street-front retail that remains highly attractive in mixed-use neighborhoods,” said Quincy Allen, co-founder and managing partner of Arc Capital Part

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