Baseball star Ichiro Suzuki has paid $2.2 million to purchase a condominium unit in the Biscuit Company Lofts building in Los Angeles' Industrial District, according to public records.
In a Big Time Listings exclusive, we can report that the Japanese sensation, who plays for the Seattle Mariners, has purchased a unit in the building, which just opened in March. Records show that Suzuki and his wife, Yumiko, closed on the unit on March 15.
Located at 673 S. Mateo Street but now using the address of 1850 Industrial Street, the 105-unit Biscuit Company Lofts is a building that was constructed in 1925 and that was at one time the National Biscuit Company factory. Now, the building has been converted into units ranging in size from 750 to 3,779 square feet, with some three-level units, hardwood floors, brick walls, and oversized windows.
Of late, there have been some rumors, as reported in the LA Downtown News, that David Beckham and Posh Spice have purchased a pied-a-terre in the building. Public records don't yet bear this out, and we'd be skeptical of that--as is the LA Downtown News, and as are our friends over at Curbed LA (http://la.curbed.com/archives/2007/04/beckingham_pala_3.php).
A new owner in that building, however, is director and quasi-real estate magnate Vincent Gallo, who in March paid $508,500 and $1,645,000 for what appear to be two separate units in the building, according to public records. Our friends at Curbed LA recently had a field day breaking the story of Gallo's purchase, but we can now be the first to print his actual purchase prices.
Why would Ichiro purchase in the Biscuit Company Lofts? We're not certain. Records show that he has purchased no shortage of real estate around the country, including a newly built, 3,790-square-foot house in Peoria, Ariz. in 2004 for $829,873, and another newly built, 2,998-square-foot house in the same area of Peoria in 2005 for $607,500. In addition, the All-Star has been reported to be building a new house in Medina, Wash., near where his Seattle Mariners play, although we have not yet found property ownership evidence of that. We'll keep you posted.