Pouya Abdi
Parallel Acquisitions
Contact Information
T : (213) 405-9777
Parallel Acquisitions & Holdings area of expertise is in the acquisition of real estate in the luxury and boutique retail markets of greater Los Angeles. PAH has acquired, repositioned, and developed trophy buildings in the heart of retail destinations such as Robertson Blvd., Melrose Place, Melrose Avenue, West Third Street, Downtown Los Angeles’s Arts District and Malibu’s Cross Creek Road. Through its internal asset and property management division, it carries out the game plan of putting together the right tenant mix, maximizing income revenue, while making each property a destination. PAH’s simple formula of high-quality design, local market knowledge, mature in-fill locations, creditworthy tenants, and conservative financing has firmly placed Parallel as a successful, admired, and financially sound real estate company in Los Angeles.
While identifying a project to acquire, PAH looks at opportunities that are generally lacking the proper game plan for the immediate market, good management, the correct tenant mix, and most importantly can directly benefit from its market knowledge and network of luxury retailers. PAH’s multiple strategies include long term holds, relocating of tenants and repositioning of space.
With a passion for retail development, Parallel goes to considerable lengths to customize each property to fit the community it serves—providing patrons with a high quality
environment where they can shop, dine, or simply spend time with friends and family. PAH has experienced continuing success in acquiring and repositioning retail buildings of extraordinary quality while respecting the community’s unique character and reflecting on the spirit of its tenants.