8/12/2008

Charles Dunn Company purchases $1.4M mixed-use in Long Beach

by

150 North Promenade

Los Angeles-based Charles Dunn Co., a partner of GVA Worldwide, negotiated the purchase of a 5,130-square-foot mixed-use development in Long Beach, Calif., for $1.4 million.

The firm will be the exclusive agent for the property, which is located at 150 Promenade North.

The buyer, Hillcrest Development Partners, LLC, was represented by Charles Dunn's Ted J. Slaught. The seller, Lennar Corporation, was represented by Grubb & Ellis.

The buyer is targeting the area to capitalize on the redevelopment of downtown Long Beach. The development is adjacent to the Blue Line metro station and the Long Beach Convention Center.

Address: 150 Promenade North, Long Beach, Calif.

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Filed Under: Mixed Use

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