Tuesday, October 4, 2016

Prime Retail on Ventura Blvd., Studio City

The City National Bank Plaza is a Modernist Rendition of a California strip center. Tenants include City National Bank, ATT Wireless, Coffee Bean & Tea Leaf, The Children's Place, Kriser's Natural Pet.
Designed by the renowned Studio William Hefner and located at the prime signalized intersection of Ventura Blvd & Whitsett Avenue in affluent community of Studio City, it is distinguished by an aesthetic sensibility that blends an elegant simplicity with a luxury of materials & details. This stunning modern structure of aluminum & glass boasts a back- painted, fire-etched glass curtain wall, limestone base (unique for a commercial building), & distinctive art piece designed by internationally renowned artist & sculptor, Billy Al Bengston.
The plaza' s commanding presence blends effortlessly into its surroundings through the use of an architecturally curved glass wall, & spans almost one city block with approximately 12,528 square feet per public records (11,873 square feet per owner' s records) of rentable space & provides ample parking in the rear while also maintaining a pedestrian-friendly curb appeal.
The Plaza' s location & design attracted credit tenants since its inception in 2002. With 75% of its original tenants still in place. Studio City is located in the southeast section of the San Fernando Valley and is bordered by the communities of Beverly Crest and Hollywood Hills to the south, Sherman Oaks to the west, Valley Village and North Hollywood to the north and Toluca Lake and Universal City to the east. The Property is located at the western edge of the district commonly referred to as the Silver Triangle of Studio City. The subdivision of the Silver Triangle has over 400 residences of which 100% are single family homes.  
Offered for $16,500,000.
Listed with Vadim Baum & Brian Moore.  Please call 310.849.4990 for more information.

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