Octane Realty & Development Acquires Office Building In Glendale For $27.5M

520 N. Central Avenue, located in Los Angeles, was recently sold in a transaction that closed on April 2, 2018. The property, an office asset, was part of a sale in Glendale's market. The sale price for this transaction was $27,500,000. The sellers involved in the deal were Property Company and Long Warf Real Estate Partners, while the buyers were Octane Realty & Development, represented by Greg McLemore and Patrick Chraghchian.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $27,500,000
• Seller: Property Company and Long Warf Real Estate Partners
• Buyer: Octane Realty & Development - Greg McLemore and Patrick Chraghchian

Greg McLemore and Patrick Chraghchian of Octane Realty & Development played a key role as the buyers in the transaction. They represented Octane Realty & Development in the deal, acquiring the office property located at 520 N. Central Avenue. This transaction highlights their strategic investment in the Los Angeles market.