(EDITOR’S NOTE: According to public property records, the property sold for $18.25 million, or about $202 per square foot.)
Los Angeles – May 2, 2023 – CBRE has arranged the sale of a 90,371-sq.-ft. Class A commercial property located at 26541 Agoura Rd in Calabasas, California. Affordable luxury clothing brand, Naked Wardrobe, purchased the property and will utilize it as its new headquarters location, which is an expansion from their previous Northridge location.
Located along the Ventura Freeway (101), 26541 Agoura Rd. was the former headquarters for Harbor Freight Tools, Inc. and is in an amenity rich Calabasas location.
“With recent renovations complete, the property was well-positioned for use by one tenant versus being a multi-tenant office property,” said CBRE’s Perry. “We were excited to find an enthusiastic company like Naked Wardrobe who will use the new location to create a work culture for its employees where they can build relationships and collaborate.”
Founders of Naked Wardrobe Shideh Kaviani, Shirin Kaviani and Shida Kaviani said in a statement: “We are thrilled to call Calabasas home to Naked Wardrobe’s new headquarters. We aim to bring even more jobs and opportunities to the city of Calabasas as we continue to expand Naked Wardrobe’s footprint on a global scale.”
CBRE’s Mark Perry, Michael Slater, Tom Dwyer, Caroline Bigelow, Carlene O’Neil and Scott Murphy, asset manager for Ella Valley Investments represented the seller, LA-based Edgemark Littleton, LLC, and the Murray S. Pepper Trust. ZMax Realty represented the buyer, Naked Wardrobe.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2022 revenue). The company has approximately 115,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services.
About Naked Wardrobe
Naked Wardrobe is a global ready-to-wear brand founded in 2012 by three sisters – Shirin, Shida and Shideh Kaviani. Inspired by their love of fashion and a shared vision to master affordable luxury, they have carefully curated high quality clothing at unmatched price points for fashion savvy women all around the world. Rooted in quality, affordability, and inclusivity, Naked Wardrobe celebrates, embraces, and caters to diverse consumers of all shapes and sizes. As a female-founded, owned, and operated brand, Naked Wardrobe advocates for female empowerment with a body-positive mindset. With millions of loyal clients worldwide, Naked Wardrobe isn’t just another fashion brand, it’s a lifestyle.
