The firm has picked up the 92k SF building at 1200 Wilshire Blvd in DTLA. Principal David Shophet says the company's focus is on tenants, which include Wells Fargo Bank, Modern Parking and Amanecer Community Counseling Services. Bisnow's market sources peg the deal at about $21M, or $232/SF, based on comparable pricing in the area.
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Photo credit: Sharp Capital
Sharp also has its attention south of the 101, where it's planning the 67-unit Hōm Temple Apartments, looking to ramp up the underserved market. The 75k SF development is near Filipinotown and next to burgeoning hip communities Silver Lake and Echo Park. All units will have views of the garden areas, the city skyline or the Hollywood Sign.
