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N  E  W  S        R  E  L  E  A  S  E

Ansoorian and Associates
Public Relations
17615 Kittridge Street
Van Nuys, CA 91406
818-881-1183


WESTLAKE OFFICE PLAZA ACQUIRED BY
LOCAL INVESTORS FOR $2.2 MILLION



WESTLAKE VILLAGE, CA -- Westlake Office Plaza, a fully-occupied, 10,000 sq. ft. office building strategically located in the midst of Westlake Village, CA's emerging town center, has been acquired by local investors for $2.2 million, announces Westcord Commercial Real Estate Services of Westlake Village.

Officials of Westcord report that Anthony Andreoli purchased the two-story office building at 2835 Townsgate Rd. from Westlake Office Plaza, the seller. Westcord represented both buyer and seller. According to Westcord, the transaction underscores the "tremendous pent-up demand for office property investment in the central Westlake Village area anchored by the Hyatt Hotel".

Westlake Office Plaza is a professional location featuring insurance, financial services, security and related businesses.

Westcord is one of the Los Angeles area's top 25 commercial real estate companies with offices in Westlake Village, CA, and Van Nuys, CA.



11/09/00

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