The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
December 16, 2019
 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?



VENTURA COUNTY NEWS
Printer-friendly Version   Email an Associate
Strategic Office Partners Purchases Conejo Valley Office Asset for $41 Mil

5/31/19

Strategic Office Partners has acquired Conejo Corporate Campus, a 196k sf office campus in Thousand Oaks, for $41.35 mil ($211/sf). The property, located at 2380 and 2400 Conejo Spectrum St, was sold by Harbor Associates and Blue Vista Capital.

The two-building property is 100% leased and serves as the headquarters for Sage Publications, a leading international provider of innovative content publishing, as well as Atara Biotherapeutics, an immunotherapy biotechnology company.

Atara Biotherapeutics occupies the entire second floor while SAGE occupies the ground floor of the recently renovated property. After the prior tenant Amgen moved out in 2009, Harbor Associates, which purchased the property last February, converted the property into a multi-tenant complex. The renovation work included various capital improvements to the tenant spaces and common areas.

NKF Co-Head of U.S. Capital Markets Kevin Shannon, Executive Managing Directors Ken White and Sean Fulp, Senior Managing Director Scott Schumacher and Managing Director Ryan Plummer represented the seller in the transaction.

“The Conejo Valley, and specifically Thousand Oaks, has experienced an explosion of new and expanding biotechnology firms in recent years significantly reducing the available options for quality office and biotech/R&D product,” said Shannon.

Atara also leases an adjacent 125k sf R&D building within the newly developed 531k sf, nine-building Conejo Spectrum Business Park. This property was developed by Sares Regis and recently sold to Rexford Industrial for just over $200 per square foot.

“A few years ago this area of Thousand Oaks was surrounded by raw, undeveloped land. Now these same land parcels have been developed or are being entitled for new construction transforming this area into a true in-fill location,” said Schumacher.




Return to the previous 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 © 2019 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media