Artisan Realty Acquires 40,000-Square-Foot Retail Property in Hollywood for $61 Million

Space 15 Twenty is home to tenants such as Urban Outfitters, Umami Burgers, Free People and Pharmacy Boardshop. Space 15 Twenty is home to tenants such as Urban Outfitters, Umami Burgers, Free People and Pharmacy Boardshop.

Hollywood, Calif. —Artisan Realty Advisors has purchased Space 15 Twenty, a 40,000-square-foot retail property in Hollywood. Cahuenga Lofts and Ivar Group sold the property for $61 million.

The property comprises two buildings with an open space area and a surface parking lot. Urban Outfitters, Umami Burgers, Free People and Pharmacy Boardshop occupy the property. The asset was built in the mid-1920s and renovated in 2007. Cory Stehr of Lee & Associates-LA North/Ventura represented the sellers in the transaction.

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