Allen and Anita Kohl of the Kohl's department store family have sold their Santa Monica penthouse for $10.5 million.
The condo takes up the top floor of the building and has 360-degree views. The high-rise, built in 1963 and remodeled in 2004, has 24-hour security, a fitness facility, gardens and fountains.
The Kohls bought the property in 2003 for $8.1 million, according to public records. It came on the market in October at $12.995 million.
Jody Fine of Prudential California Realty in Pacific Palisades was the listing agent. Joshua Altman and Matt Altman of the Altman Brothers, Hilton & Hyland in Beverly Hills and David Solomon of Prudential California Realty in Brentwood represented the buyer.