Los Angeles Los Angeles

GPI Cos. has sold the retail portion of the Burbank Collection, a mixed-use property in the entertainment district of Burbank. The investor purchased the property in 2013 for $12.8 million and sold it to a local investor for $26.8 million.

The Burbank Collection is a mixed-use property with 118 condominiums and 39,400-square-feet of retail space. Following its purchase of the property, GPI invested $3 million in capital improvements, including upgrades to the façade.

The Yard House anchors the property in a 12,000-square-foot space on the southern end of the site, and the remaining tenant roster includes The Boiling Crab, Sketchers, Panera Bread, Pinkberry, and Steak 'n Shake.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

Los Angeles
Net Lease
Retail
Capital Markets
West