Harkham Family Buys LA-Area Creative Office

JLL Money Markets represented the enterprise in the $35.1 million deal and secured acquisition funding.

2625 Townsgate. Impression by JLL

The Harkham Family has acquired 2625 Townsgate, a 132,037-square-foot Class A innovative office environment in Westlake Village, Calif., for $35.1 million. An entity joined to Lineage Household Business was the vendor.

JLL Cash Markets represented the consumer in the transaction, and secured a $21.1 million, differentiated 10-12 months, preset-amount acquisition personal loan offered by First Republic Lender, on behalf of the purchaser.

Originally developed in the 1970’s, the making at 2625 Townsgate was renovated in 2001. The place of work house also comprises 1,251 sq. ft of retail. According to CommercialEdge, tenants at 2625 Townsgate include Barrister Executive Suites, Very first Rate Money Team and U.S. Bank. The assets features floorplates of 45,594 square feet. A complete of 534 parking spaces in a ratio of 4 spaces for each

Read More