Sears - Boyle Heights

• Located in historic Boyle Heights, one of the densest markets in Los Angeles, with limited competing product in the trade area. Olympic and Soto was identified as a “Major Opportunity Site” for commercial development by the City of Los Angeles.

• The continued Downtown Los Angeles renaissance has helped raise the profile of the Boyle Heights submarket. The Property is easily accessible from Downtown’s employment hubs as well as from the Arts District and South Park.

• Opportunity to control a large historic site with multiple potential uses for the next 90 years. The Property would likely qualify for the Historic Preservation Tax Incentives program as well as the Mills Act, which allows for partial property tax abatement.

• Exceptional regional access given proximity and visibility to Los Angeles major freeways. Olympic & Soto’s frontage on two main thoroughfares provide convenient ingress and egress to the surrounding neighborhoods.

• The Southeast Los Angeles retail submarket, which includes Boyle Heights, is going through a resurgence. Marquee projects such as the The Groves in Whittier and the New Wyvernwood in Boyle Heights will revitalize aging properties and help boost economic growth in the region.