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3/21/17
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Sunny Hills Management Company Inc acquired 100 Barranca, a 30-year-old, 225.9k sf Class A office tower in West Covina. Sunny Hills purchased the building, situated adjacent to the south side of the I-10, for $37.5 mil ($166/sf) through a Ten-X online real estate auction.
The 13-story building is currently 50% occupied. It is recognized as the tallest and most prominent office tower in the San Gabriel Valley.
The new ownership will be making a substantial investment in repositioning the property. Changes will include building out inviting user-oriented outdoor spaces, making a major investment in building systems, and creating a more inviting lobby and entry experience. Building top signage and building naming rights will also be available.
There are numerous transportation options that benefit tenants of the property, which is surrounded by more than 2 msf of walkable retail amenities including a fitness center, restaurants, shopping and hotels. Sunny Hills plans to relocate its corporate HQ to 9k sf at the building. They’ve assigned the leasing assignment for the property to Taylor Ing, Drew Sanden and Scott Maples with NGKF.
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