Palisades Associates, a Santa Monica, Calif.-based real estate investment group, has paid more than $34 million for 465,000 square feet of industrial buildings in Thousand Oaks, Calif.

The properties are located at 1445 and 1465 Lawrence Drive at the 100-acre Conejo Spectrum.

On Royal Oaks LLC sold the buildings.

At the time of sale, the buildings were 75 percent leased. Prominent tenants include Baxter Healthcare, Teradyne and Alcatel.

CB Richard Ellis brokered the transaction.


What’s your opinion? Send your Letter to the Editor to

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Thank you for subscribing to Morning Headlines.
Back to top