L.A. office project sold

Deal includes 3 structures

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Grubb & Ellis Co. represented Greenlaw Partners LLC, a Newport Beach-based private investment group, in the purchase of a 228,506-square-foot office project in Los Angeles. The transaction was valued at $44.2 million. The three-building complex, known as Pacific Concourse, was built in 1989 and is located at 5220, 5230 and 5245 Pacific Concourse Drive. A partnership between Los Angeles-based Pacifica Capital Group and GMAC sold the property, which was 95 percent occupied 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....