Partnership Buys Trillium for $134 Mil

WOODLAND HILLS, CA-An investment partnership sponsored by Boston-based Beacon Capital Partners has paid $134 million for the Trillium office towers in Woodland Hills, the latest—and largest—transaction in a string of recent purchases in the hot Warner Center area.

The twin 16-story office towers stand in the 6300 block of Canoga Avenue. They were purchased by Beacon Capital Strategic Partners LP, a $287-million fund that was started about two years ago.

The nearly 600,000-sf office project is almost fully leased to tenants that include insurer Blue Shield of California and lender Ryland Mortgage Co. It includes a Cheesecake Factory restaurant, a fitness club, other retail space and large parking structure. As part of the deal, Beacon also acquired the land under the adjacent Hilton Woodland Hills & Towers.