GPI Cos. sold the retail portion of the Burbank Collection, a mixed-use property in the entertainment district of Burbank. The investor bought the property in 2013 for $ 12.8 million and sold it to a local investor for $ 26.8 million.
The Burbank Collection is a mixed-use property with 118 condos and 39,400 square feet of retail space. After purchasing the property, GPI invested $ 3 million in capital improvements, including modernizing the facade.
The yard house anchors the property on an area of 12,000 square meters at the southern end of the property. The remaining renter list includes The Boiling Crab, Sketchers, Panera Bread, Pinkberry, and Steak & # 39; n Shake.