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Gemdale USA Acquires Calabasas Office Campus For $79M With Seller, Buyer's Reps Newmark

Property Image
SOLD
$79,000,000
David Milestone
Brett Green
Rob Hannan
+ 3

California

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Office222,524 SF
Sold 04/05/2021
the dealplayerscompscontact
Property Image
SOLD

Gemdale USA Acquires Calabasas Office Campus For $79M With Seller, Buyer's Reps Newmark

4500 Park Granada, Calabasas, CA, USA

See Similar Deals
Office222,524 SF
Sold 04/05/2021
David Milestone
Brett Green
Rob Hannan
+ 3
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$355
Total Square Footage:222,524 SF
Transaction Type:Sale

An office campus located at 4500 Park Granada in Calabasas has been sold for a total of $79,000,000. The property covers a space of 222,524 square feet, resulting in a price per square foot of $355. The transaction took place on April 5, 2021.

Summary of transation details

  • Property Type: Office Campus
  • Transaction Amount: $79,000,000
  • Address: 4500 Park Granada, Calabasas
  • Market: Calabasas

The buyer of the property is Gemdale USA, while the seller is a partnership between Christopher C. Rising of Rising Realty Partners and Peter Briger and Wesley R. Edens of Fortress Investment Group. The buyer was represented by David Milestone and Brett Green from Newmark, and the seller was represented by Kevin Shannon, Ken White, Rob Hannan, and Laura Stumm from Newmark Capital Markets.

Players

Ken White
Newmark
Ken White
96 deals$6.1B volume
BROKER
Laura Stumm
Newmark
Laura Stumm
44 deals$3B volume
BROKER
Rob Hannan
Newmark
Rob Hannan
46 deals$3.3B volume
BROKER
Kevin Shannon
Newmark
Kevin Shannon
136 deals$9.1B volume
BROKER
David Milestone
CBRE
David Milestone
9 deals$883.7M volume
BROKER
Brett Green
Newmark
Brett Green
6 deals$272.5M volume
BROKER
Gemdale USA
Gemdale USA
BUYER

Details

SOLD
IMAGE: David Milestone, Brett Green, Rob Hannan, Kevin Shannon, Laura Stumm, Ken White, Christopher C. Rising, Peter Briger & Wesley R. Edens DATE: 04/05/2021 ADDRESS: 4500 Park Granada MARKET: Calabasas ASSET TYPE: Office Campus BUYER: Gemdale USA SELLER: Christopher C. Rising - Rising Realty Partners & Peter Briger & Wesley R. Edens - Fortress Investment Group BUYER'S REP: David Milestone & Brett Green - Newmark SELLER'S REP: Kevin Shannon, Ken White, Rob Hannan & Laura Stumm - Newmark Capital Markets SALE PRICE: $79,000,000 SF: 222,524 ~ PPSF: $355

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