AGOURA HILLS, CA –
In the latest sign of Conejo Valley’s strong office market, Village Corporate Center, a Class A 109,000 sq. ft. office campus in Agoura Hills, CA that is over 80 percent leased prior to completion, has been sold for $22 million to Westside Los Angeles investors, announces Westcord Commercial Real Estate Services.
Tony Principe, president of Westlake Village, CA-based Westcord, reports that TR Funding of Conejo Valley sold the two-building office complex located at 30077-30101 Agoura Court to The Klein Family Trust of Brentwood.
Tony and Rick Principe represented the sellers. Joe Lopez, also of Westcord, represented the buyers.
Village Corporate Center comprises a 69,000 sq. ft., 95 percent leased building in phase one. Phase two, a 31,000 sq. ft. building, is scheduled for completion in June, and will serve as the headquarters for ISWest , a leading Internet provider which will occupy over half the space on a 10-year lease.
The Klein Family Trust, according to Lopez, has over a 30-year record of successful real estate investing in both commercial and residential properties in Los Angeles County, with an increased focus in recent years on Conejo Valley commercial properties.
Lopez will head a team that includes Lloyd Wertheimer of Westcord to handle leasing of the remaining 15,000 sq. ft. of space on the second floor of phase two at Village Corporate Center. Space is available from 5000 to 15,000 sq. ft.
In addition to ISWest, CfM, a leading supplier of freight management services, recently occupied over 8000 sq. ft. of space at Village Corporate Center. |
