Cross Ocean Partners And Palisade Group Acquire 4500 Park Granada Office In Calabasas For $69.4M

The 4500 Park Granada office property, located in Calabasas, has a total area of 223,000 square feet and encompasses 20 acres. It was acquired for a total transaction amount of $69,400,000. The property is categorized as a Class A office space and was previously sold in 2021 for $79 million.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $69,400,000
• Address: 4500 Park Granada, Calabasas
• Market: Calabasas
• Asset Size: 223,000 square feet
• Price per Square Foot: $311
• Buyer: Graham Goldsmith & Terence Kim - Cross Ocean Partners; Spencer Rose - Palisade Group
• Seller: Michael Daly & Yi Zhu - Gemdale USA
• Brokers: Alex Beaton, Ken White, Kevin Shannon, Laura Stumm, Michael Moll & Rob Hannan - Newmark

This transaction involved Cross Ocean Partners and Palisade Group, which acquired the property in an all-cash deal. The property is currently fully leased and is slated for enhancements aimed at attracting new tenants in the future.