TIC investor adds 88,000 square feet

Property renovated 2 years ago

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Grubb & Ellis Co. represented Marina Corporate Center LLC, a Los Angeles-based tenant-in-common buyer, in the purchase of Marina Corporate Centre, an 88,125-square-foot office building in West Los Angeles. The transaction was valued at $26 million. The six-story, steel-frame office building, which is located at 12665 Jefferson Blvd., was built in 1985 and renovated in 1988 and 2002. The property, which was sold by Summit Commercial of El Segundo, was 100 percent leased at the time of sale.  Grubb & Ellis also represented the seller in the transaction. Grubb & Ellis is a provider of integrated real estate services. *** What's your opinion? Send your Letter to the Editor to newsroom@inman.com....