CIM Group has acquired District La Brea, a collection of adjacent buildings offering high visibility retail storefronts and commercial space along La Brea Avenue in Los Angeles.
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 top location for artists, creatives and influential streetwear and fashion brands. 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 First and Second 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. The buildings are each architecturally distinct with storefronts articulated in a variety of styles including rustic red brick, ornate gold scrollwork, and sleek modern glass and stone.
District La Brea is surrounded by neighborhoods that offer substantial residential communities with high population density, including Hancock Park and West Hollywood, as well as a host of nearby studio production facilities.
