Prime Silver Lake retail property sells for $12.4M
JLL Capital Markets facilitates sale of The Silver Lake Collection in Los Angeles
LOS ANGELES, Mar. 10, 2025 – JLL Capital Markets announced today that it has arranged the $12.4 million sale of the Silver Lake Collection, a premiere retail space located in the trendy Silver Lake neighborhood of Los Angeles, California.
JLL represented the seller, Strategic Realty Trust, in securing the buyer.
The Silver Lake Collection is strategically located at 1601 Griffith Park Blvd. & 3701-3713 Sunset Blvd., providing frontage on the world-famous Sunset Boulevard. This prime location offers excellent visibility and accessibility, drawing visitors from the vibrant Silver Lake community and beyond. The property benefits from its proximity to dense residential areas and major employment centers, including nearby entertainment industry hubs in Hollywood.
The recently upgraded retail property spans 10,876 square feet on a 15,706-square-foot, 0.36 acre site. Built in 1934 and renovated in 2023, The Silver Lake Collection is 100% leased to a mix of exciting food and beverage tenants, including Counter Culture Coffee and El Condor. The property features a walker's paradise with a Walk Score of 97 out of 100.
JLL Capital Market’s Investment Sales and Advisory team representing the seller was led by Senior Director Tim Kuruzar.
"The sale of The Silver Lake Collection demonstrates the continued investor interest in well-located retail assets in trendy, urban neighborhoods," Kuruzar commented. "The property's strategic position on Sunset Boulevard and its second generation restaurant space make it an attractive acquisition for the buyer, a renowned restaurant operator from Taiwan looking to expand into the Los Angeles market. We’re thankful to our client and our partners, specifically Matthew Fainchstein of JLL, who represented the buyer in the process."
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
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Jones Lang LaSalle Americas, Inc. ("JLL") is a real estate broker licensed with the California Department of Real Estate, license #01223413.
About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $23.4 billion and operations in over 80 countries around the world, our more than 112,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
Strategic Realty Trust (SRT) is a Real Estate Investment Trust specializing in high-quality West Coast urban and street retail properties. The company focuses on building a portfolio of prime locations with strong growth potential, robust cash flows and clear value appreciation characteristics in densely populated, pedestrian-friendly environments. SRT targets markets including San Francisco, Los Angeles, San Diego, Portland and Seattle, prioritizing properties that attract omni-channel or internet-resistant retailers and offer potential for future redevelopment.