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2/08/16
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Majestic Asset Management Inc and JS/JS Properties Inc have purchased Canwood Business Park, a 120k sf office and industrial property in Agoura Hills. The campus, located at 5126, 5137, 5142 and 5155 Clareton Dr, north of Hwy 101 and east of Kanan Rd, traded for $21 mil.
Majestic plans to reposition the asset into a creative office/flex campus, taking advantage of each building’s clear height, operable windows, and unobstructed views of the Santa Monica Mountains. The project, which will be rebranded as Tech Park @ Canwood, allows for a wide array of possible uses and is walking distance to a multitude of amenities and food options, including Trader Joe’s, Wildflour Bakery, The Habit Burger and Jinky’s Cafe.
CBRE’s Troy Pollet, Matthew Heyn and David Solomon represented the buyer. This is Majestic Asset Management’s second significant transaction in as many years in the Conejo Valley. The seller was repped by Steve Morse of The Johnston Group.
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