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.