Aug
21
Los Angeles Office Complex Trades for $62M
ByMajestic Asset Management sold a two-building property in Van Nuys, Calif., to Pacific Reach Properties. At the time of sale, the asset was 99 percent leased.
Pacific Reach Properties purchased Sherman Plaza, a two-building, 270,000-square-foot office complex in Los Angeles. Majestic Asset Management sold the four- and five-story properties for $62 million. This marks the buyer’s first U.S. office deal…
