Premier Auto Credit Acquires Office Building In Glendale For $23M

The office building located at 425 East Colorado Street in Glendale has been sold for a price of $23,000,000. The property encompasses approximately 113,000 square feet, resulting in a price per square foot of $203. The sale was finalized on August 11, 2022, and the buyer of the property was Premier Auto Credit, represented by Sean Rastegar. The seller was Brookfield, represented by Brian Kingston.

Summary of transation details

• Property Type: Office
• Transaction Amount: $23,000,000
• Address: 425 East Colorado Street
• Market: Glendale
• Buyer: Premier Auto Credit - Sean Rastegar
• Seller: Brookfield - Brian Kingston

Brian Kingston, representing Brookfield, facilitated the sale of the office building to Premier Auto Credit, with Sean Rastegar acting as the buyer's representative. The transaction marks a significant deal in the Glendale office market, representing a successful venture for all parties involved.