…The parent company of Louis Vuitton paid an eye-popping $122 million last month for the Bijan store on Rodeo Drive, public records show.

The sale to LVMH Mo√ęt Hennessy Louis Vuitton is the latest high-profile deal on the Beverly Hills shopping street, which is home to luxury retailers such as Gucci and Prada. Louis Vuitton already has a store near the Bijan building it purchased at 420 N. Rodeo Drive.

At $19,405 a square foot, the sale to the Paris-based luxury goods conglomerate tops the $13,217 a square foot Chanel paid late last year for a Rodeo building it was leasing. At the time, the Chanel deal was a record price on a square-foot basis for retail space in California…

Source: Bijan store on Rodeo Drive sells for $19,000 a square foot

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