The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
May 25, 2018
 Search RENTV
   Go!
 Video Programs
 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?





LOS ANGELES COUNTY NEWS
Printer-friendly Version   Email an Associate
Two Glendale Office Buildings Traded in $122 Mil Transaction

1/31/18

Two Class A office towers totaling nearly 427k sf of space in Glendale, CA, have sold for $122 mil, or about $285/sf. From what we’re told, a fund advised by CBRE Group acquired the assets from Blackstone Group.

One of the buildings, 700 North Central Blvd was built in 1979 and contains 136k sf over eight floors. The other building, 801 North Brand Blvd, was constructed in 1986 and contains 290.8k sf over 13 floors.

Overall, the properties are 87% leased to a diverse tenant roster, including New York Life Insurance, Service Titan, Fuse, Gamblit Gaming, Intercare Holdings and The Search Agency. The acquisition also included a 50% tenancy in common ownership in the adjacent parking garage at 127 Burchett St, bringing total parking at the properties to 1,113 stalls.

The two buildings are situated along Brand Blvd, the primary pedestrian corridor in Glendale, only one mile from The Americana at Brand. This location has exceptional visibility from the SR 134 Freeway and is close to the Metrolink stop at Glendale, which connects the city with all six Southern California counties.

Ryan Gallagher and Andrew Harper with HFF represented the seller in the transaction.







Return to the Archive page


 


 


 
The Foto Finisher

 
 





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 © 2018 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media