Lee & Associates – LA North/Ventura, Inc. has represented S&G PROPERTIES MANAGEMENT LLC in the acquisition of a three-story 62,241-square-foot office building located at 5550 Topanga Canyon Blvd. in the Warner Center/Woodland Hills submarket of Los Angeles for $10.05 million. The new ownership plans to occupy a portion of the building for its company, Citiguard.
The Lee & Associates LA North/Ventura team of principal Darren Casamassima, principal/managing director Scott Romick and principal Jay Rubin represented the buyer. The team will also oversee leasing of the property moving forward.
“We are seeing strong demand from owner/users in the Warner Center/Woodland Hills submarket, which continues to be an attractive option for companies seeking growth opportunities in Los Angeles,” said Casamassima. “The buyer was attracted to the building’s prominent location, visibility from the 101 Freeway and the upside potential to create a best-in-class office property in this area.”
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