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Kennedy Wilson Takes on Oceanwide Plaza

LOS ANGELES—Ed Sachse of Kennedy Wilson—which was just tapped to handle retail leasing at the massive Oceanwide Plaza development—talks about the trends and drivers in the downtown retail market in this EXCLUSIVE Q&A.

By Kelsi Maree Borland | Updated on May 18, 2015

LOS ANGELES—Kennedy Wilson has been hired to handle the retail leasing efforts for Oceanwide Plaza, a $1 billion mixed-use development from Chinese developer Oceanwide, GlobeSt.com learns exclusively. Adjacent to the Staples Center in Downtown Los Angeles, the project includes 166,583-square-feet of retail space for Kennedy Wilson to fill as well as a 183-room five-star hotel and 504 luxury condominiums. While the conversation about downtown has been multifamily-focused, retail is becoming a bigger part of the story. We sat down with Ed Sachse, executive managing director of brokerage at Kennedy Wilson, to find out about the new trends in retail in the downtown market (hint: retailers love these new mixed-use projects) and about the firm’s plans for Oceanwide Plaza. Here is what he had to say:

GlobeSt.com: What is demand for retail product like in the downtown market? 

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