Agoura Hills Retail, L.A. Office Complex Draw Investors
- Jun 17, 2012
A recently completed Agoura Hills retail complex developed and owned by Adler Realty Investments was recently snapped up by Walnut Creek-based Loja Group for $21.3 million, or $588 per square foot. The transaction was arranged by May Realty Advisors, rentv.com reported.
The center’s 36,200 square feet are fully leased. Tenants include such national retailers as Trader Joe’s, Panda Express, The Habit, Stone Ground Bakery and Verizon. The retail center is comprised of five buildings on Canwood Street and has easy access to the 101 Freeway near the Kanan Road interchange.
In other commercial real estate news, Alliance Commercial Partners has secured half the space at the LA Media Tech Center. The company has acquired a discounted note on four two-story buildings that total about 187,000 square feet of space at the property, which is located on a 12-acre lot on Media Center Drive in Los Angeles near the city’s border with Glendale.
LA Media Tech Center encompasses seven buildings that total about 400,000 square feet of space. Amenities include gated entry and patrolling security for the campus and parking facilities.
Coram Healthcare and JPMorgan Chase are among the tenants. Financial terms have not been disclosed; however, NAI Capital will continue to manage leasing.
Photo courtesy of loopnet.com