Office, Retail Sales Top $5M

BEVERLY HILLS, CA-Software developer the Price Co. has acquired a 15,600-sf office building here and a local investment group has purchased a 23,000-sf retail property in Los Angeles, according to Grubb & Ellis. Kathleen Silver of the West L.A. office of Grubb & Ellis reports that the Price Co., a warehouse automation software firm, acquired the office building at 113 San Vicente Blvd. from Beptal Inc. of Santa Monica for more than $2.9 million. The buyer is slated to occupy the three-story, concrete, tilt-up building in approximately six months, relocating from approximately 4,000 sf of leased space in Beverly Hills. Silver represented the buyer, with the seller represented by Chris Holland and Jim Stanfill of Westmac.In the Los Angeles transaction, 26 Beverly Glen Blvd LLC purchased a 23,000-sf retail property at 822 S. Main St. that was 50% leased at the time of sale. Dan Daneshrad of Grubb & Ellis’ Downtown Los Angeles office represented the buyer, who paid more than $2.3 million for the property. The seller was a Van Nuys-based private investor.