Koll buys 2-building office complex

Site still more than one-quarter vacant

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Grubb & Ellis negotiated the purchase of Valencia Park Executive Center, a 66,584-square-foot office property in Valencia, Calif. The value of the transaction was $11.7 million. The Koll Co., a Newport Beach-based private real estate investment company, bought the asset from Larkspur, Calif.-based Fowler Property Acquisitions. The property, which is located at 25115 Avenue Stanford in the Valencia Gateway section of the Santa Clarita Valley, is comprised of one three-story building and one two-story building. The property was 70 percent leased at the time of sale. Grubb & Ellis Co. is a full-service commercial real estate organization operating worldwide. *** What's your opinion? Send your Letter to the Editor to opinion@inman.com....