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Sign in Sign up for a FREE subscriptionReliable Properties acquires Barnsdall Square Shopping Center in Los Angeles
Reliable Properties has acquired Barnsdall Square, a highly sought-after grocery/drug-anchored retail center in Los Feliz, Calif., one of Los Angeles's premier neighborhoods. The transaction includes the acquisition of the 2.86-acre parcel on 1625 N. Vermont Ave. and a partial interest in the 1.39-acre parcel on 1533 N. Vermont Ave.
JLL represented the seller, DMDE Properties.
Spanning more than 6.3 acres, Barnsdall Square features a total of 92,000 square feet of leasable space, boasting a diverse tenant mix, including Jons Marketplace Grocery Store, Rite Aid Pharmacy and 22 other tenants. The property also provides a blank canvas for a value-added retail strategy or future redevelopment.
Strategically located along North Vermont, Barnsdall Square has excellent visibility and offers connectivity to Hollywood Boulevard and Sunset Boulevard along with access to multiple nearby bus stops. The property is near major medical centers such as Kaiser Permanente Center,
