Kennedy Wilson announced the sale of the Broadway Hollywood for an undisclosed price, in late August. The ground floor commercial condominium, located at Hollywood Boulevard and Vine Street in Hollywood, was purchased by San Diego-based HP Investors, LLC.
The acquisition represents HP Investors first in Hollywood.
“We are delighted to close on the acquisition,” Isaac Abid, principal at HP Investors, said in a written statement. “The location is one of the most dynamic urban retail markets in Southern California and perfectly meets our investment objectives of acquiring urban retail assets that are positioned for strong growth over the long-term.”