J. Paul Getty Trust Acquires Westside Office Building For $32.5M

The J. Paul Getty Trust has acquired an office property located at 640 North Sepulveda Boulevard in the Westside market. The property encompasses 45,630 square feet and was sold by Vectra Management Group for a total price of $32,500,000, resulting in a price per square foot of $712.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $32,500,000
• Square Footage: 45,630
• Address: 640 North Sepulveda Boulevard
• Market: Westside

Newmark represented both the buyer and seller in the deal. David Kluth and Aliya Coher acted as the representatives for J. Paul Getty Trust, while Sean Fulp, Ryan Plummer, and Mark Schuessler represented Vectra Management Group.