Daniel Negari, a tech founder behind XYZ.com, purchased seven parcels along Third Street Promenade in Santa Monica from Federal Realty Investment Trust.
Negari acquired the priciest property, a 24,600-square-foot building on Arizona Avenue, at over $900 per square foot, making it one of the costliest commercial deals in Santa Monica.
United El Segundo, known for operating gas stations, bought a 31,000-square-foot building on Wilshire Boulevard occupied by Wally's Wine and intends to develop a digital billboard-wrapped office on Sunset Boulevard.
#real-estate-investment #property-acquisition #commercial-deals #strategic-investments #santa-monica-real-estate
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