Investment trust lands L.A. office space

Private university occupies majority of building

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Grubb & Ellis Co. represented Doheny Family Trust, a Los Angeles-based private investment trust, in the purchase of a 68,231-square-foot office building in Los Angeles. The transaction was valued at $17.8 million. The three-story, steel-frame building, which is located at 5245 Pacific Concourse Drive, was 100 percent leased at the time of sale. Eighty-five percent of the building was leased to National University, a private, accredited and nonprofit institution of higher education, through February 2014. Newport Beach, Calif.-based Greenlaw Partners sold the asset.  Grubb & Ellis provides a full range of real estate services worldwide. *** What's your opinion? Send your Letter to the Editor to opinion@inman.com....