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L.A. MART(r) acquired by PHR L.A. Mart LLC |
07.13.2012
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L.A. Mart(r), the West Coast gift and home market center that is home to nearly 200 permanent showrooms, has been acquired by Los Angeles-based commercial real estate management company PHR L.A. Mart LLC. The center was previously owned by Merchandise Mart Properties, Inc. (MMPI).
"Our vision for L.A. Mart is to invigorate the business by leveraging our success in operating commercial properties that attract buyers and sellers, and applying that know-how to advance L.A. Mart's growth and value. This property has a proud tradition of service to its customers and we are excited to steward the facility toward a new and prosperous era," said Avo Tavitian, president, PHR LA Mart LLC.
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