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Majestic Asset Management & The Johnston Group Acquire Office Building In Westlake Village For $18.25M

Property Image
SOLD
$18,250,000
Mark Schuessler
Ryan Plummer
Sean Fulp

California

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Office84,098 SF
Sold 05/29/2019
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Property Image
SOLD

Majestic Asset Management & The Johnston Group Acquire Office Building In Westlake Village For $18.25M

2829 Townsgate Road, Westlake Village, California, USA

See Similar Deals
Office84,098 SF
Sold 05/29/2019
Mark Schuessler
Ryan Plummer
Sean Fulp
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$217
Total Square Footage:84,098 SF
Transaction Type:Sale

The office building located at 2829 Townsgate Road in Westlake Village, CA has been sold for $18,250,000. Spanning across 84,098 square feet, the property has been purchased by Majestic Asset Management and The Johnston Group. The seller of the building was Kilroy Realty Corporation. The transaction was facilitated by Mark Schuessler, Ryan Plummer, and Sean Fulp from the Shannon Private Capital Group.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $18,250,000
  • Square Footage: 84,098
  • Market: Westlake Village
  • City: Los Angeles

This sale represents NKF Private Capital Group's second transaction in the past 18 months on Townsgate Road. Notably, in February 2018, NKF completed a $23.3 million office sale for The Blackstone Group at 2535-2555 Townsgate Road, which was purchased by Majestic Asset Management and The Johnston Group as well.

Players

Mark Schuessler
Colliers
Mark Schuessler
37 deals$1.3B volume
BROKER
Ryan Plummer
Newmark
Ryan Plummer
46 deals$1.1B volume(310) 407-6570
BROKER
Sean Fulp
Colliers
Sean Fulp
55 deals$1.9B volume
BROKER
Newmark
Newmark
BROKERAGE
MM
Majestic Asset Management
BUYER
KC
Kilroy Realty Corporation
SELLER

Details

SOLD
IMAGE: Mark Schuessler, Ryan Plummer & Sean Fulp @TeamShannonPCG DATE: 05/29/2019 ADDRESS: 2829 Townsgate Road, Westlake Village, CA MARKET: Westlake Village CITY: Los Angeles ASSET TYPE: Office PRICE: $18,250,000 SF: 84,098 PPSF: $217.01 BUYER: Majestic Asset Management & The Johnston Group SELLER: Kilroy Realty Corporation BROKERS: Mark Schuessler, Ryan Plummer, Sean Fulp @TeamShannonPCG NOTES: This transaction marks NKF Private Capital Group’s second sale in the past 18 months on Townsgate Road. In February 2018, NKF completed a $23.3 million office disposition for The Blackstone Group at 2535-2555 Townsgate Road to Majestic Asset Management and the Johnston Group.

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