January 04, 2017 02:30PM
By Katherine Clarke
The complex comprises 270 luxury apartments and 8,850 square feet of retail and restaurant space. It has a resort-style pool area, a club house, a fitness center and a private theater.
Curtis Palmer, Chris Benton, Jaspaul Kapoor and Chris Tresp of ARA, a Newmark company, represented both parties in the deal.
Redwood Urban and Beverly Pacific acquired the property from Essex Property Trust
Essex Property Trust has sold the Jefferson at Hollywood apartment complex to a joint venture between Redwood Urban and Beverly Pacific for $132.5 million, or $490 740 a unit, according to CoStar.