Asana Partners Acquires 71,184-Square-Foot Shopping Center in Los Angeles for $50.2 Million

Ralphs and CVS/pharmacy anchor The Balcony at Beverwil in Los Angeles. Ralphs and CVS/pharmacy anchor The Balcony at Beverwil in Los Angeles.

Los Angeles — Asana Partners has purchased The Balcony at Beverwil, a shopping center located at the corner of Pico Boulevard and Beverwil Drive in Los Angeles.

A private partnership sold the asset for $50.2 million. Built in 1996, the two-story property features 71,184 square feet of retail space and underground parking for 262 vehicles. At the time of sale, Ralphs, CVS/pharmacy, One West Bank and six other tenants fully occupied the property. Geoff Tranchina of JLL represented the seller in the deal.

More News