Hanley Investment’s Urban Retail Division Sells Trophy Retail/Office Project on Lake Avenue in Pasadena, Calif. for $21 Million (2011-11-17)
Hanley Investment Urban Retail Advisors represented Arenda Capital Management and AEW in the $21 million purchase of an 87,000 sq. ft. retail/office complex on S. Lake Avenue in Pasadena. The mixed-use property includes the historic Williams-Sonoma building, originally built in 1912, and is home to some of Pasadena's most popular restaurants including Green Street Cafe, Lemonade and Cafe 140. Other retail tenants include The Counter, The Pasadena Cheese Store, Carmody & Co. and the Wine Detective.
