California office center purchased

Deal comprises more than 113,000 square feet

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Grubb & Ellis Co. represented TA Associates, a Boston-based pension fund advisor, in the purchase of The Encino Executive Center, a 113,390-square-foot office building in Encino, Calif. The transaction was valued at $21.8 million. The six-story, steel-frame structure, which is located at 16027 Ventura Blvd., was built in 1980 and renovated in 1993. Los Angeles-based Encino Executive Center LLC sold the asset. The property was 73 percent leased at the time of sale. Grubb & Ellis is a global provider of integrated real estate services. *** What's your opinion? Send your Letter to the Editor to opinion@inman.com....