The 100,000-square-foot Westlake Labs campus located at 120 Via Merida in Westlake Village has been sold to Graymark Capital, Inc. and Argosy Real Estate Partners for a total of $18 million. This office property transaction aims to contribute to the growing Conejo Valley life science hub by adding 35,000 square feet of lab and office space. The deal is expected to benefit various life science companies in the region, including startups and established enterprises.

Summary of Transaction Details:

• Property Type: Office
• Transaction Amount: $18,000,000
• Square Footage: 100,000 SF
• Price Per Square Foot: $180
• Address: 120 Via Merida, Westlake Village
• Market: Westlake Village

The notable individuals and companies involved in this deal are Brian Hecktman and David Butler from Graymark Capital, Inc. and Argosy Real Estate Partners. The brokers who facilitated the transaction were Mike Longo, Sean Sullivan, and Todd Tydlaska from CBRE. Their expertise and negotiation skills played a crucial role in the successful completion of this sale.