East West Bank Purchases Office Building From Irvine Company In Pasadena For $97.89M

The property asset involved in the transaction is located at 385 East Colorado Boulevard in Pasadena. It is classified as an office asset, consisting of a total square footage of 270,596. The sale price for this property was set at $97,888,000, which reflects a price per square foot of $361.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $97,888,000
• Address: 385 East Colorado Boulevard
• Market: Pasadena
• Square Footage: 270,596
• Price per Square Foot: $361
• Buyer: East West Bank
• Seller: Irvine Company
• Brokers: Jeffrey Bramson, Andrew Harper, Will Poulsen, Jacob Molloy, Will ONeil, Lalo Diaz & Kevin Bender - JLL

The transaction involved key individuals and companies such as the buyer, East West Bank, and the seller, Irvine Company. The brokers representing the deal were Jeffrey Bramson, Andrew Harper, Will Poulsen, Jacob Molloy, Will ONeil, Lalo Diaz, and Kevin Bender from JLL.