|
|
9/23/24
|
A partnership between Alta West Partners, an affiliate of Glendon Capital Management and A2 Capital Management has acquired Lakeview Innovation Center, a 276.5k sf, Class A research and development (R&D) and office property on 22.1 acres in Thousand Oaks, CA. The price was not disclosed.
Renovated in 2023, Lakeview Innovation Center offers upscale amenities, including an on-site Equinox fitness club, Earthbar, pickleball court, walking trails, a tenant lounge, and multiple outdoor patio and collaborative spaces. The property is recognized for its sustainability, holding a LEED Gold certification, an Energy Star rating, and both Fitwel and UL Healthy Building certifications.
Currently, Lakeview Innovation Center is leased to a diverse tenant base, including Marvell Technologies and Rawlings, who benefit from the property’s exceptional infrastructure, which includes lab-grade HVAC, excess power capacity, ample clear heights, loading docks and backup generators. Additionally, the property offers expansion opportunities with M2 zoning, supporting up to 123k sf of additional density for life-science, R&D or office users.
The new ownership group, led by Steve Elson and Brad Pennington of Alta West, has extensive knowledge of the submarket and a successful track record in the office, life-science and R&D sectors. The team intends to make strategic upgrades to common areas, restrooms, signage and landscaping, positioning Lakeview Innovation Center as the top choice for leading, innovative companies seeking the highest quality lab and office environment in the market.
Michael Leggett, Jeffrey Bramson, Andrew Harper and William Poulsen with JLL Capital Markets represented the seller and procured the buyer in the transaction.
|
|
 Return to the previous page
|
|
|
|
|
Printer-friendly Version
Email an Associate
