Agora Realty Announces Acquisition of North Hollywood Retail/Office Complex.LOS ANGELES Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. -- Agora agora (ăg`ərə) [Gr.,=market], in ancient Greece, the public square or marketplace of a city. In early Greek history the agora was primarily used as a place for public assembly; later it functioned mainly as a center of commerce. Realty and Management has announced the acquisition of a 41,000-square-foot retail/office building in Valley Village area of North Hollywood, California. The announcement was made by Cary Lefton, who was the principal in the transaction. Originally built in 1955, the complex will be renovated by Agora to accommodate retail tenants from 500 to 20,000 square feet, and office tenants from 500 to 11,000 square feet. "We entered into this acquisition with a strong desire to renovate the property and reposition it for its best use, and provide a quality, community-based retail and office center," Lefton explained. Located on Bellingham Ave., the complex has enjoyed a fifty-year history as a mixed use building, serving the North Hollywood and Valley areas. "This is a great opportunity to restore and enhance the utility of a centrally located building," Lefton added. Agora is one of the most respected builders and real estate management firms based in the San Fernando Valley San Fernando Valley Valley, southern California, U.S. Northwest of central Los Angeles, the valley is bounded by the San Gabriel, Santa Susana, and Santa Monica mountains and the Simi Hills. . Since 1986, the firm has specialized in the ground-up development and repositioning repositioning Laparoscopic surgery The changing of a Pt's position during a procedure to improve access or visualization of the operative field, which may be linked to complications, as it changes anatomic planes of operation. Cf Laparoscopic surgery. of retail, commercial and industrial properties within the densely populated pop·u·late tr.v. pop·u·lat·ed, pop·u·lat·ing, pop·u·lates 1. To supply with inhabitants, as by colonization; people. 2. urban markets of Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, , Hawaii and Nevada. Agora's $280 million real estate portfolio also includes housing, industrial and retail projects in Hawaii and communities throughout Southern California. The company is most distinguished by its long history of profitably developing community-sensitive projects, including entry level housing and revitalizing re·vi·tal·ize tr.v. re·vi·tal·ized, re·vi·tal·iz·ing, re·vi·tal·iz·es To impart new life or vigor to: plans to revitalize inner-city neighborhoods; tried to revitalize a flagging economy. low-income commercial zones. Agora has also successfully developed and managed residential, industrial, and retail projects anchored by regional and national credit tenants. The company also enjoys a strong reputation for incorporating sophisticated, state-of-the art, environmental solutions, including solar power, water reclamation and construction techniques to enhance a building's efficiency as well as its long-term profitability. Editors Note: For further information or to arrange an interview with Cary Lefton or other Agora spokespersons, please contact Scott Regberg at 310-475-5735. |
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