CIM Group has acquired District La Brea, a collection of adjacent buildings with high-visibility retail storefronts and commercial space along La Brea Avenue in Los Angeles. Terms of the acquisition were not disclosed.
The District La Brea acquisition, made through CIM Real Assets & Credit Fund, includes approximately 82,210 square feet of commercial space and 171 parking stalls, including a three-story parking structure.
District La Brea offers a mix of retail including fashion, eateries and home design, and is an integral part of a neighborhood known as a \location for artists, creatives and influential streetwear and fashion brands, according to CIM. Among the shops and restaurants at District La Brea are Arc’Teryx, Stone Island, Undefeated, Market, Garrett Leight, Schott NYC, Sycamore Kitchen, Burrow, Interior Define, AETHER Apparel and SUGARFISH by Sushi Nozawa.
Located on La Brea Avenue between 1st and 2nd streets, the one-, two- and three-story buildings were organized and rebranded as District La Brea beginning in 2013, with further development completed in 2017.
