East Arden LLC Acquires Office Building In Glendale From Bob Sulentic For $42.8M

The office building at 801 North Brand Boulevard in Glendale was sold for $42.8 million. The property encompasses 293,193 square feet, resulting in a price per square foot of $146. The transaction was significant in the local market for office assets.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $42,800,000
• Buyer: East Arden LLC
• Seller: Bob Sulentic - CBRE Global Investors
• Broker: Kidder Mathews
• Square Footage: 293,193 SF
• Price Per Square Foot: $146

Bob Sulentic represented CBRE Global Investors in the sale of the property, which was previously acquired by CBRE in 2018 at an estimated valuation of $86.5 million as part of a two-building deal.