Harbor Associates Acquires Balboa Boulevard Office Park In West Valley Of Los Angeles For $47.8M

Harbor Associates, led by Paul Miszkowicz, has acquired the Encino Office Park in the West Valley of Los Angeles. The office park is located at 6345 Balboa Boulevard and spans a total of 213,459 square feet. The transaction closed on April 4, 2019, with a sale price of $47,800,000, equating to a price per square foot of $223. The seller of the property was Moss Group.

Summary of transaction details:

• Property Type: Office Park
• Transaction Amount: $47,800,000
• Address: 6345 Balboa Boulevard
• Market: West Valley of Los Angeles

The buyer's representative, Paul Miszkowicz, represented Harbor Associates in the deal. The brokers involved in the transaction were Anthony Delorenzo, Mark Shaffer, Todd Tydlaska, and Mike Longo of CBRE.

With the acquisition of Encino Office Park, Harbor Associates now has a local office portfolio totaling approximately one million square feet, demonstrating their continued growth in the commercial real estate market.