Condo Retail Listing Goes to Hanley at $23M

[IMGCAP(1)]IRVINE, CA-Owners of the Shops @ The Mercury have placed the retail portion of the new 23-story Mercury Condominiums on the market for an asking price of $23 million and have tapped Irvine-based Hanley Investment Urban Retail Advisors to market the commercial part of the new condo tower. The new condominiums are a conversion of the former Getty Oil building in the Mid-Wilshire district of Los Angeles.

The commercial space at the 238-unit condominium tower at 3810 Wilshire Blvd. is situated on the first two floors of the former office building and measures 23,191 sf. The property represents “a landmark location in the heart of the Wilshire district,” according to Eric P. Wohl and Carlos J. Lopez of HI Urban Retail Advisors, who have been named the listing agents.