Jamison Properties secures downtown L.A. space

Asset dates back to Great Depression

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G REIT Inc. recently sold a 136,000-square-foot office building in Los Angeles for $26.9 million. The building, Brunswig Square, is an eight-story, multitenant property with ground retail space located in the city's Little Tokyo District. Originally built in 1931, the building underwent extensive renovations in 1985-1986, including the addition of three new floors, the east and west ground-level retail wings, and the parking deck. Jamison Properties purchased the asset, which was 94 percent leased at the time of sale to tenants that included General Services Administration and the City of Los Angeles Pensions and Retirement System. G REIT originally purchased Brunswig Square in April 2004 for $23.8 million. ...