Cushman & Wakefield is negotiating the $16 million sale of an office/retail building in Los Angeles

LOS ANGELES — Cushman & Wakefield has arranged the sale of 612 S. Broadway, an iconic building in historic downtown Los Angeles. The six-story creative office and commercial property traded for $16 million. Terms of the transaction were not released.

Mike Condon Jr., Erica Finck, Reid Gratsch, Brittany Winn, Kylie Rawn and Mark Zakarian of Cushman & Wakefield brokered the transaction.

Originally built in 1924 as Desmond’s Department Store and designed by AC Martin, the 80,000 square foot building underwent a redevelopment into a creative office building. Omgivning oversaw the redevelopment, which included adding two floors above the original structure.