Grubb & Ellis represented Jamison Properties, a Los Angeles-based private investment group, in the purchase of the Los Angeles World Trade Center, a 372,790-square-foot office building in Los Angeles.
The value of the transaction was not disclosed.
The 10-story, steel frame office building, which is located at 350 S. Figueroa St., takes up an entire city block. The property, which was sold by Haseko of Japan, was 80 percent leased at the time of sale. Grubb & Ellis has been retained to lease and manage the asset for the new owner.
Kevin Shannon, Scott Schumacher and Michael Moore of Grubb & Ellis’ South Bay office and Chris Runyen of the firm’s downtown Los Angeles office represented the buyer and the seller in the transaction.
Grubb & Ellis is a global provider of integrated real estate services.
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