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Wilshire Office, Retail Complex Gets New Owners

January 27, 1985

The Wilshire Commerce building, an office and retail complex at 3101 Wilshire Blvd., has been sold by the Heritage Group to Michael Koss and Marc Scott for a reported $6.25 million.

The 86,333-square-foot building, on more than two acres, is at the corner of Wilshire Boulevard and Shatto Place, directly across from Bullocks Wilshire department store. Tenants include restaurants, a computer learning center, boutiques and AT&T.

The new owners said they plan to add a public storage warehouse in the 26,000-square-foot basement. Koss Financial Corp. was responsible for placing the participating mortgage.

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