Brookfield REIT Acquires Mixed-Use Property In Glendale For $326.5M

The mixed-use property located at 1000 Flower St. in Glendale has been sold for a total of $326,500,000. The transaction took place on December 21, 2021, and the property spans across 15.0 acres. The property offers a total of 500,000 square feet of space, resulting in a price per square foot of $653. The buyer of this property is Brookfield REIT, represented by Zach Vaughan.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $326,500,000
• Address: 1000 Flower St.
• Market: Glendale
• Acres: 15.0
• Square footage: 500,000
• Price per square foot: $653
• Buyer: Brookfield REIT - Zach Vaughan

Zach Vaughan, representing Brookfield REIT, played a key role as the buyer in this transaction. The acquisition of this mixed-use property highlights the growing market value in Glendale and signifies a significant investment in the area.