Sloan Capital has bought a luxury retail block on the famous Rodeo Drive in Beverly Hills, California.
The Irish company paid $275m (£137m) for Two Rodeo Drive on the corner of Rodeo Drive and Wilshire Boulevard. The 129,000 sq ft retail block is let to tenants such as Tiffany & Co, Versace, Jimmy Choo, Rene Caovilla, Damiani, Cole Haan, and Jose Eber.
Sloan Capital bought the block from Rodeo Owner Corporation.
Cushman & Wakefield advised Sloan. Strategic Real Estate Advisors and Falcon Real Estate advised the vendor.