Alta West Partners Acquires Lakeview Innovation Center In Thousand Oaks From LBA Realty For $29.35M

The transaction involved the sale of the Lakeview Innovation Center, located at 112 Lakeview Canyon Road in Thousand Oaks. The property encompasses 276,529 square feet of Class A research and development office space situated on 22.1 acres, and it was sold for $29,350,000, translating to $106 per square foot. The building also includes 53,087 square feet available for lease and boasts LEED Gold and Energy Star certifications.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $29,350,000
• Square Footage: 276,529
• Address: 112 Lakeview Canyon Road
• Market: Thousand Oaks
• Price per Square Foot: $106
• Seller: LBA Realty
• Buyer: Alta West Partners and an affiliate of Glendon Capital Management and A2 Capital Management
• Listing Brokers: Andrew Harper, Jeffrey Bramson, Michael Leggett & Will Poulsen - JLL

This transaction was facilitated by JLL, featuring a team of brokers including Andrew Harper, Jeffrey Bramson, Michael Leggett, and Will Poulsen. LBA Realty executed the sale, transferring the property to the group of buyers, which includes Alta West Partners along with affiliates from Glendon Capital Management and A2 Capital Management.