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Chanel Pays $152M for Rodeo Drive Property

Sale Sets Record Price for Retail Space in Southern California
By Jimmy Diaz
December 11, 2015 | 7:48 P.M.

Chanel S.A., the French fragrance company, acquired the retail property at 400 N. Rodeo Drive in Beverly Hills, CA from Rodeo-Brighton LP for $152 million, or about $13,217 per square foot, a record in the posh retail market.

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News | Chanel Pays $152M for Rodeo Drive Property