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230,000-SF Biz Park Fetches $32 Mil

LOS ANGELES-The 100% occupied office complex sells to two limited liability corporations. The seller, Newport Beach-based CT Realty Corp., acquired the office complex in November 1999 from the Government of Singapore.

By Erin Cassin | Updated on June 05, 2001

LOS ANGELES-The Chatsworth Business Park has been acquired for $32 million by two limited liability corporations. The 230,000-sf office complex is currently 100 percent occupied.

The business campus stands on an eight-acre parcel located at 21415 and 21615 Plummer St. in Chatsworth. It is comprised of two, two-story office buildings that are leased to the County of Los Angeles and Sanyo Fisher.

Approximately 164,500 sf is leased to the County’s Department of Public Social Services, with 720 county employees working at the site. Four of the department’s programs, CalWORKS, GAIN (Greater Avenues for Independence) and the administrative offices of Medi-Cal and IHSS (In-Home Supportive Services), are housed in the space. The county inked the ten-year, $34-million lease to occupy the Chatsworth Facility in July 2000.

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