REIT picks up SoCal business park

Renovations recently completed

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Los Angeles-based Lowe Enterprises Investors has sold the 115,227-square-foot Agoura Hills Business Park in Agoura Hills, Calif. The value of the transaction was not disclosed. Arden Realty Inc., a self-managed REIT, purchased the property. Agoura Hills Business Park is a two-building office complex set on 6.2 acres on Agoura Road. Lowe Enterprises completed renovations to the buildings in 2004 that included updating the lobby and common-area corridors, replacements to tenant signage and directory boards, and other upgrades that enhanced the appearance of the complex. Major tenants at the time of sale included Symark International, Prudential Financial Services, National Life of Vermont, Toyota Motor Credit Corp. and Candle Corp. *** What's your opinion? Send your Letter to the Editor to