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Hollywood, LA, retail complex sells for $61M

Artisan Realty Advisors LLC bought the 40,000-square-foot Space 15 Twenty outdoor retail complex at 1520 N. Cahuenga Blvd. in Hollywood, Los Angeles, for $61 million, The Real Deal reported.

Cahuenga Lofts and Ivar Group, the sellers, acquired the complex in July 2006 for $13.3 million, the news outlet noted, citing property records.

The property comprises two buildings and a parking lot atop a 71,000-square-foot land parcel. Its tenants include fashion retailers Urban Outfitters and Free People, hamburger spot Umami Burger and skate shop Pharmacy Boardshop, according to the report.