DivcoWest Acquires Office Property In North Hollywood For $92M

An office property located at 5250 Lankershim Blvd in North Hollywood has been sold for $92,000,000. The transaction took place on 09/08/2021 and involved a total area of 180,000 square feet. The property was purchased by divcowest'>DivcoWest from the seller, J.H. Snyder Co. The sale price equates to a price per square foot of $511, making it a notable acquisition in the market.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $92,000,000
• Address: 5250 Lankershim Blvd, North Hollywood
• Market: North Hollywood

JLL served as the broker for this deal, representing both the buyer and the seller. Such a significant transaction requires experienced professionals to navigate the negotiations and ensure a successful outcome. The involvement of JLL further underscores the importance and value of this transaction in the North Hollywood office market.