The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
May 24, 2022
 Search RENTV
   Go!
 The REview
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



ETC... ETC...
Printer-friendly Version   Email an Associate
Westlake Village Office Asset Trades in $35 Mil Deal

5/06/22

The Harkham Family has purchased 2625 Townsgate, a 132k sf, Class A creative office property in Westlake Village, for $35.1 mil, or $266/sf. The acquisition was part of an exchange following the buyer’s $200 mil sale of 360 N Rodeo Drive.

Originally built in the 1970’s and renovated in 2001, 2625 Townsgate is one of the most desirable office buildings in all of Westlake Village with floor-to-ceiling glass, a high-profile tenant roster and creative office features that mirrors trophy creative buildings in San Francisco and prime Los Angeles. 2625 Townsgate also caters to the growing tenant demand for life sciences space in the Conejo Valley due to its close proximity to Amgen and other leading pharmaceutical companies.

Westlake Village is an affluent community of more than 8,000 residents boasting a median household income of $224,348.

Marc Schillinger with JLL Capital Markets arranged acquisition financing of $21.06 mil for the purchase. The 10-year, fixed rate acquisition loan features a sub-100 basis point spread and multiple years of interest-only payments.




Return to the previous page


 


 


 
 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2022 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media