Arc Capital Partners and Belay Investment Group Successfully Sells Investment in West Hollywood Retail Property
The disposition validated the value creation by Arc which purchased the property in 2021 during the Covid-19 pandemic. The sale of the property represented a rare opportunity for the buyer to acquire an asset in the heart of the West Hollywood Design District and adjacent to
“Through our partnership with Belay, we acquired this property off-market and we identified this as a unique opportunity where we could enhance value over time,” said Quincy Allen, Co-Founder and Managing Partner of Arc. He added, “we were able to solidify the long-term stability of the property by engaging with tenants and repositioning the asset in this extremely attractive mixed-use neighborhood.”
“Going forward, Arc remains focused on middle-market value-add opportunities where the current disruption in the capital markets presents significant opportunities,” added Neville Rhone, Co-Founder and Managing Partner of Arc.
During Arc’s ownership period, they secured accretive leases with the three credit retail operators to stabilize the asset. The property is home to the flagship US Leica Camera Store & Gallery, a cutting-edge destination highly regarded for its quality products, events, and art exhibitions. Other tenants include FlexForm, a high-end Italian furniture store, and Knoll, a furniture store acquired by Herman Miller - a public entity with a market cap of
“We are pleased to have achieved another favorable exit through our programmatic partnership with Arc and believe the success of our investment demonstrates both Arc’s execution capabilities, as well as the resilience of well-located ‘high street’ retail assets,” said Eliza
“We have enjoyed working alongside Arc in bringing another value-add business plan to fruition, and we appreciate the team’s dedication in the face of challenging market conditions associated with experiential infill retail locations during the hold period,” said Jake Loughridge, Managing Director at Belay.
The sale was orchestrated by Bryan Ley of JLL and his team of advisors included Jeff Sause, Geoff Tranchina, Gleb Lvovich, Tim Kuruzar, Daniel Tyner, and Alex Olson.
About Arc Capital Partners
Arc Capital Partners is an institutional real estate owner and investment manager dedicated to redefining real estate in mixed-use environments. Founded in 2013 by principals with over
About Belay Investment Group
Belay Investment Group, LLC is an institutional investment management firm that specializes in granular small to middle market real estate opportunities through the establishment of programmatic partnerships with high-caliber local and specialized operating partners. The firm pursues equity and debt opportunities across the risk spectrum, property types, and geographies, offering its clients scalability and customization. Visit www.belayinvestmentgroup.com for more information.
About US Property Trust
US Property Trust is a leader in the acquisition and ownership of class A retail properties throughout the country. They own and manage a diverse portfolio of shopping centers and commercial real estate across
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
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For Arc Capital Partners information contact
Matt Pressberg, Vectis Strategies
mpressberg@vectisstrategies.com
Source: Arc Capital Partners
