The office building located at 31303 Agoura Road in Westlake Village, California, was recently acquired by Drawbridge Realty. The property, spanning 19.6 acres, includes a 253,720-square-foot campus. Bank of America currently occupies the space under an 11-year, triple-net lease agreement until 2031, with approximately 1,000 employees working at the site.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not Disclosed
• Buyer: Drawbridge Realty
• Seller's Representative: Sean Sullivan(CBRE), Todd Tydlaska(CBRE)
• Agent: Mike Longo and Anthony DeLorenzo (CBRE's El Segundo, Calif., office)
• Equity Commitment: $240 million secured in 2019

The deal was facilitated by Todd Tydlaska, Sean Sullivan, Mike Longo, and Anthony DeLorenzo from CBRE's El Segundo, California office, who represented the undisclosed seller in the transaction. Drawbridge Realty used a portion of its $240 million equity commitment to acquire the property, part of a larger plan to secure additional properties in targeted markets across the United States. The new equity commitment was secured with the help of KKR, among other contributors, marking a significant milestone for Drawbridge Realty's expansion strategy.