Tien Lung Chen Purchases Development Site In Pasadena For $11.1 Million With Eric Chen Representing Buyer

The asset involved in this transaction is a development site located at 253 South Los Robles Avenue in Pasadena. The sale price for the property was $11,100,000.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $11,100,000
• Buyer: Tien Lung Chen
• Seller: Maggie Zhong
• Buyer's Representative: Eric Chen - CBRE
• Seller's Representatives: Edward Matevosian - CBRE & Frank Artura - TVM Commercial Realty Group Inc
• Transaction Date: 09/05/2025

The deal involved key individuals and companies, with Eric Chen representing the buyer Tien Lung Chen through CBRE, and the seller Maggie Zhong represented by Edward Matevosian from CBRE and Frank Artura from TVM Commercial Realty Group Inc.