Two Rodeo Sells for $275m
Luxury shopping venue Two Rodeo Drive in Beverly Hills has been sold for an estimated $275 million, according to Cushman & Wakefield real estate brokers, who represented the buyer, Sloan Capital Partners LLC, an investment holding company.
Sloan acquired the property from the Rodeo Owner Corp.
Two Rodeo is located at the corner of Rodeo Drive and Wilshire Boulevard and features about 130,000 square feet of retail space. Current tenants include Tiffany & Co., Versace, Jimmy Choo, Rene Caovilla, Damiani, Cole Haan, Jose Eber and other stores as well as several restaurants and salon services.
The European-styled center was completed in 1990. —Robert McAllister
