Banksy Mural & Building available via structured sale on October 20

The pending sale of 908-910 S. Broadway presents an opportunity to own a historically significant building in the heart of Los Angeles’ Fashion District as well as its authenticated Banksy fresco

LOS ANGELES, September 1, 2022 /PRNewswire/ — Hilco Real Estate today announced the structured sale of a newly renovated historic mixed-use building in the heart of Los Angeles’ Fashion district known worldwide for Banksy’s authenticated ‘Girl on a Swing’ mural outside. This is Banksy’s only work in Los Angeles which remains intact in its original location, and one of the few of its pieces that remain preserved in their original location. Bids on this unique property are due October 20, 2022.

Challenges arising from the COVID-19 pandemic prompted the owners of the building to sell through a structured sales process, providing a unique opportunity to own a cultural landmark and priceless work of art in a neighborhood privileged to Los Angeles. The impact of the mural’s social commentary on the revitalization of Los Angeles’ historic core is multiplied by its preservation of the side of the building.

The mid-rise art nouveau/neo-Gothic building, centrally located on the border of Los Angeles’ Historic Core and its fashion district at 908-910 S Broadway, was built in 1914 and was the subject of an all-expenses-paid effort to restore it to its original condition in 2018. Thanks to this, the building has seven stories and over 26,000 square feet. prime commercial real estate space, first floor Class A retail space and a unique basement space ideal for a speakeasy type bar, all within easy reach of Los Angeles landmarks like the Ace Hotel, Crypto.com Arena and Apple Tower Theater. It also has deep ties to classical Hollywoodhaving been featured in the 1923 film Safety last! in which silent film star Harold Lloyd scales its exterior facade and dangles from the arms of a clock outside, an iconic moment in movie history.

“This sale presents an unprecedented opportunity to own a precious Banksy mural, a unique piece of Hollywood history and an icon of Los Angeles culture contained in a beautifully restored Art Nouveau monument,” said Jeff Azuse, Senior Vice President of Hilco Real Estate. “The unique features of 908-910 S Broadway provide unlimited potential for anyone interested in the prestige and functional capabilities that come with owning it.”

For more information on 908-910 S Broadway and the sale process, please call Hilco Real Estate at 203.561.8737 or Miller ink at 310-571-8264.

About Hilco Real Estate: Hilco Real Estate (“HRE”), a Hilco Global company (HilcoGlobal.com) headquartered in Northbrook, Ill. (USA), is a national provider of strategic real estate disposal services. Acting as agent or principal, HRE uses its experience to advise and execute strategies to help clients derive maximum value from their real estate assets. By leveraging multi-faceted sales strategies and techniques, aggressive repositioning and restructuring experience, a large, motivated network of buyers and sellers, and substantial access to capital, HRE exceeds expectations. , even in the most complex transactions.

SOURCE Hilco Real Estate

Comments are closed.