Suburban LA Office Asset Trades for $28M

Commercial Property Executive   |   Olivia Bunescu

Posted In — News & Press | In the News

A partnership between Hyun 1996-2 Family LP, Royalblue LLC and Broadway JSY LLC has sold Glendale Financial Square, a 126,500-square-foot office property in Glendale, Calif. Hacienda Associates LP, a joint venture between two Southern California real estate investment firms, acquired the asset for $27.5 million.

The property last traded in 2014 when Angelo, Gordon & Co. sold the asset for $27.2 million, CommercialEdge data shows. Kidder Mathews represented two-thirds of the seller partnership in the transaction.

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