Broadway revival.

Broadway Real Estate Partners LLC has put a 12-story office building at 9701 Wilshire Blvd. on the market. A final price is expected to top $55 million.

That would result in a tidy profit for New York-based Broadway Real Estate Partners. which purchased the building less than two years ago for $37.6 million. During its brief ownership of the property, Broadway was able to boost the building's occupancy to 94 percent from about 85 percent.

The 109,000-square-foot building at the northwest corner of Wilshire Boulevard and Roxbury Drive, is in Beverly Hills' Golden Triangle--an area with some of the city's highest office rents and lowest vacancies.

At the end of December, Beverly Hills had a 7.8 percent vacancy rate and average asking rents of $2.98 a foot, according to Grubb & Ellis Co. Of the large office markets in L.A. County, only Santa Monica had buildings with higher occupancy and rates.

The building was Broadway's first foray into Los Angeles, where the company has become an active investor, buying and selling holdings.

In November 2004, the company bought the Wilshire Rodeo Plaza, a 237,000-square-foot retail and office building at 9536-9560 Wilshire Blvd. for $151 million. After re-signing a lease with United Talent Agency, Broadway Real Estate Partners put the property on the market late last year.

Just before the company listed the Wilshire Rodeo Plaza, Broadway Real Estate Partners agreed to buy the Aon Center at 707 Wilshire Blvd.--at 62 stories, the second tallest building in downtown L.A.--from Chicago-based Transwestern Investment Co. for $192 million.

Bob Safai, a principal at Madison Partners, has the listing for 9701 Wilshire Blvd.

Staff reporter Andy Fixmer can he reached at [phone], ext. 263, or at [e-mail].