Los Angeles-based Jade Enterprises, specializing in real estate investment and property operation, has completed the purchase of a five-property office portfolio in West Los Angeles, California. While terms of the deal or a final price for the portfolio were not disclosed, Holliday Fenoglio Fowler, L.P. (HFF) announced that its investment sales team, led by senior managing directors Ryan Gallagher and Todd Tydlaska and director Andrew Harper, represented the seller, Equity Office, in the transaction.
Jade Enterprises purchased the 350,000-square-foot office portfolio free and clear of debt. The recently-renovated portfolio, which was 91% leased at the time of sale and each building about 15 minutes from the Los Angeles International Airport and the Santa Monica Airport, includes:
Beverly Atrium
350 South Beverly Drive in Beverly Hills
64,526 square feet of space, originally built in 1989
2730 Wilshire Boulevard in Santa Monica
Offers medical and office space over 58,359 square feet
1950 Sawtelle Boulevard in Los Angeles
Built in 1985 with 105,698 square feet
Bentley Building
11075 Santa Monica Boulevard in Los Angeles
4-story office building with 35,696 square feet of space
Bristol Plaza
6167 Bristol Parkway in Culver City
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