Brits Take Valley Tower for $40 Mil

WOODLAND HILLS, CA-A partnership sponsored by privately held real estate conglomerate Grosvenor has paid an estimated $40 million for the 252,973-sf Warner Corporate Center office development, the first of several major sales that could soon be announced in LA’s San Fernando Valley over the next few weeks.

The 12-story, class A building stands at 21300 Victory Blvd. It has been on the market for several months.

The building was sold by Nomura Warner Center Associates LP. The tower is inside Warner Center, a sprawling “mini-city” that several builders helped to develop over the past 25 years.