EQUITY UNION COMMERCIAL REPRESENTS BUYER ON $48.93MM OFFICE COMPLEX PURCHASE
The Californer/10226984

LOS ANGELES, Jan. 20, 2023 /PRNewswire/ -- Valencia Corporate Plaza has just been acquired by VFE for $48.93MM or approximately $250 per square foot. The campus spans 3 buildings totaling over 195K square feet, and accommodates over 800 parking stalls. The business park was built in 1999 and 2007 and can be seen off the 5 Freeway, with visible and appealing building-top and monument signage.

The seller in the transaction was True North Real Estate Fund III, a fund managed by True North Management Group. The campus was listed for $61.48MM or about $315 per square foot.

The buyer's agent, Cesar Gonzalez, serves as Director of Commercial Services & Investments Properties for Equity Union Commercial in Los Angeles. For the past 21 years, Gonzalez has specialized in the development, sale, and leasing of commercial investment properties throughout California with a focus on office, retail, industrial, and development sites. Cesar has extensive experience in assisting private capital and institutional owners/developers of retail, office and industrial product with design, leasing and acquisition of new projects as well as repositioning of existing properties.

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Seller was represented by Richard Ramirez with CBRE.

About Equity Union Commercial: Founded by Harma Hartouni, groundbreaking Broker and inspiring author of the memoir Getting Back Up, Equity Union Commercial was created to be a completely unique real estate company. With an unparalleled commitment to service, integrity and excellence, we're ready to both inspire your vision and help you bring it to life.

Media Contact: Dan Stueve, +13105955875, [email protected]

SOURCE Equity Union

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