SANTA MONICA, Calif., Feb.
24, 2016 /PRNewswire/ -- J.P. Morgan Asset
Management-Global Real Assets has acquired approximately 20,000
square feet of multi-tenant retail at the base of an oceanfront
mixed-use development in Santa
Monica. Institutional investors advised by J.P. Morgan Asset
Management-Global Real Assets have engaged BrandView Capital
Partners, a Santa Monica-based
commercial real estate investment, management, and advisory firm,
to provide owner's representation services for the property. Global
retail real estate services firm JLL has been retained to provide
accounting and property management services.
Located at 1705 and 1755 Ocean Avenue, the retail portion is 85
percent leased to a variety of lifestyle and food service
tenants.
BrandView Capital Partners worked with Hanley Investment Group
Senior Vice President Carlos Lopez
to source and facilitate the off-market purchase from Related
California. BrandView Capital Partners will provide strategic
oversight on behalf of J.P. Morgan Asset Management's clients at
the local level.
"We are pleased to represent J.P. Morgan Asset Management's
clients and contribute to the long-term success of this asset,"
said Babak Ziai, Founder, BrandView
Capital Partners. "We will continue to target investment
opportunities that provide significant appreciation through
lease-up, repositioning, and the potential to drive 'experience per
square foot' to meet the needs of the trending 18-hour
live-work-play lifestyle."
About: BrandView Capital Partners is a commercial real
estate investment management and advisory firm focused on urban
commercial and mixed-use properties within top-tier urban infill
markets. As partners and advisors of institutional and private
investors, the firm drives value in acquisition, repositioning,
redevelopment and management to create experiential and sustainable
communities. www.brandviewcap.com
About: J.P. Morgan Asset Management–Global Real Assets
has more than $88 billion in assets
under management and more than 400 professionals in the U.S.,
Europe and Asia Pacific, as of September 30, 2015. With a 45-year history of
successful investing, J.P. Morgan Asset Management-Global Real
Assets' broad capabilities provide many of the world's most
sophisticated investors with a global platform of real estate,
infrastructure and transportation strategies driven by local
investment talent with disciplined investment processes
consistently implemented across asset types and regions. The Global
Real Assets team is part of J.P. Morgan Asset Management's
Alternatives Investments business, which collectively manages over
$120 billion in client assets across
real assets, hedge funds, credit and private equity.
jpmorgan.com/institutional/global_real_assets
About: JLL (NYSE: JLL) is a professional
services and property management firm offering specialized real
estate services to clients seeking increased value by owning,
occupying and investing in real estate. A Fortune 500 company with
annual fee revenue of $4.7 billion
and gross revenue of $5.4 billion,
JLL has more than 230 corporate offices, operates in 80 countries
and has a global workforce of approximately 58,000. www.jll.com
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SOURCE BrandView Capital Partners