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Izek Shomof Purchases Office Building From Fred Seigel For $58.8 Million In Glendale

Property Image
SOLD
$58,800,000

California

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Office410,000 SF
Sold 02/03/2025
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Property Image
SOLD

Izek Shomof Purchases Office Building From Fred Seigel For $58.8 Million In Glendale

101 North Brand Boulevard

See Similar Deals
Office410,000 SF
Sold 02/03/2025
the dealdetailscomps

Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$143
Total Square Footage:410,000 SF
Transaction Type:Sale

The office asset located at 101 North Brand Boulevard in Glendale was sold for a price of $58,800,000. This property consists of a 19-story office building with a total square footage of 410,000. The sale reflects a price per square foot of $143, indicating a significant decrease from its previous sale price of $128.5 million in 2016.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $58,800,000
  • Address: 101 North Brand Boulevard
  • Market: Glendale
  • Square Footage: 410,000
  • Price Per Square Foot: $143
  • Buyer: Izek Shomof
  • Seller: Fred Seigel - Beacon Capital Partners

Izek Shomof's acquisition marked his first venture into the Glendale market, as he expands his investment portfolio beyond Downtown Los Angeles into new markets. The deal indicates a strategic move by Shomof to diversify his holdings, while Beacon Capital Partners transitions away from this asset following its high-value sale in 2016.

Details

SOLD
IMAGE: Izek Shomof & Fred Seigel DATE: 02/03/2025 ADDRESS: 101 North Brand Boulevard MARKET: Glendale ASSET TYPE: Office BUYER: Izek Shomof (@IzekShomof) SELLER: Fred Seigel - Beacon Capital Partners SALE PRICE: $58,800,000 SF: 410,000 ~ PPSF: $143 NOTE: Developer Izek Shomof purchased the 19-story office building at 101 North Brand Blvd. in Glendale from Beacon Capital Partners for $58.8 million, a sharp decline from its $128.5 million sale price in 2016. The deal marks Shomof’s first investment in Glendale, expanding his portfolio beyond Downtown Los Angeles and into new markets.

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