OneLegacy Acquires The Atrium Office Property In Irwindale For $18.4M

The Atrium, a 98,772-square-foot office property located at 1303 W. Optical Dr in Irwindale, CA, was sold for $18.4 million. OneLegacy purchased the property from Proficiency Capital, with plans to use it as their headquarters. The building, completed in 1987, is situated on a 4.4-acre parcel in the San Gabriel Valley.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $18,400,000.00
• Buyer: OneLegacy
• Buyer's Representative: Vindar Batoosingh (CBRE)
• Seller: Proficiency Capital
• Previous Owner: Northrop Grumman
• Address: 1303 W. Optical Dr, Irwindale, CA
• Market: Irwindale
• Square Footage: 98,772

CBRE’s Vindar Batoosingh represented OneLegacy in the transaction, facilitating the acquisition of The Atrium. The seller, Proficiency Capital, had purchased the asset from Northrop Grumman for $5.3 million in 2006. OneLegacy intends to implement significant changes to the property, including the addition of a recovery center and a conference center, in line with their long-term plans.