The two properties are a 17,000-sf retail center at the corner of Reseda Boulevard and Parthenia Street in Northridge, and a 5,000-sf industrial facility at 102 Cunningham Street in Thousand Oaks. They were acquired by Northridge-based Durose Corp.
The seller in the Northridge deal is M&A Gabaee, another private investment group. The Thousand Oaks seller is TR Funding.
Durose acquired the pair of buildings with proceeds from the sale of a mobile-home park it owned in the San Fernando Valley community of Sunland. Joe Lopez and Jill Lopez of Westcord Commercial Real Estate Services represented Durose in both of its new acquisitions, as well as seller M&A Gabaee in the Northridge deal.
In the Thousand Oaks deal, TR Funding was represented by company principal Rick Principe. Principe is a Westcord broker, as well.
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