Octane Realty & Development Acquires Office Building In Glendale For $27.5M
520 North Central Avenue
199,226 SF
Summary
520 N. Central Avenue, located in Los Angeles, was recently sold in a transaction that closed on April 2, 2018. The property, an office asset, was part of a sale in Glendale's market. The sale price for this transaction was $27,500,000. The sellers involved in the deal were Property Company and Long Warf Real Estate Partners, while the buyers were Octane Realty & Development, represented by Greg McLemore and Patrick Chraghchian.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $27,500,000
- Seller: Property Company and Long Warf Real Estate Partners
- Buyer: Octane Realty & Development - Greg McLemore and Patrick Chraghchian
Greg McLemore and Patrick Chraghchian of Octane Realty & Development played a key role as the buyers in the transaction. They represented Octane Realty & Development in the deal, acquiring the office property located at 520 N. Central Avenue. This transaction highlights their strategic investment in the Los Angeles market.
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