At the end of February, 1310 Third Street Promenade closed escrow for $26.5 million. The 45,000 square foot, three-level building currently houses the famous AMC Theater, a cornerstone of the world-renown Promenade for the past two decades. The deal was brokered by Barbara Tenzer, President of Tenzer Commercial Brokerage Group, Inc. Tenzer has been a longstanding, trusted figure in Santa Monica’s commercial real estate market, lending her expertise to brokering most of the sales and leasing on Third Street Promenade for the past 31 years.
“Third Street Promenade is one of the most iconic and beloved streets in the world and this sale shows we are turning the corner into a strong recovery,” said Barbara Tenzer. “I’m fortunate to work with such amazing clients who continue to bring new and exciting energy to Santa Monica. This is a special building and I’m pleased it will continue to provide a haven for entertainment for generations to come.”
Tenzer has played a pivotal role in helping shape Third Street Promenade, bringing investments from big names like H&M, Cotton On, Brandy Melville, Tesla, HQ Gastro Pub, UGO Cafe, Sephora and NFT Digital Gallery. She served on the Downtown Santa Monica, Inc. Board of Directors, including two years as Board Chair. She was a partner in Trastevere at 1360 Third Street Promenade for 27 years.
For more information about Tenzer Commercial Brokerage Group, visit tenzercommercial.com.
Submitted by Luke Cain
