Sonny Kalsi Of BentallGreenOak Purchases Industrial Property In Simi Valley For $65M From Oaktree Capital Management And Xebec Realty

$65,000,000

Building Size

—

Asset Type

Industrial

Closing

Feb 7, 2025

AI

The property involved in this transaction is an industrial asset located at North Chain Drive in Simi Valley. The transaction was completed for a total price of $65,000,000.00.

Summary of transaction details:

Property Type: Industrial
Transaction Amount: $65,000,000.00
Buyer: Sonny Kalsi - BentallGreenOak
Seller: Howard Marks, Bruce Karsh, Robert O'Leary & Armen Panossian - Oaktree Capital Management; Randy Kendrick & Jay Soni - Xebec Realty
Sale Date: 02/07/2025

This transaction featured significant players in the real estate and asset management sectors, with Sonny Kalsi representing BentallGreenOak as the buyer, while the sellers included prominent figures from Oaktree Capital Management and Xebec Realty, indicating a strategic collaboration in this real estate deal.

Players