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Glenborough Acquires First Financial for $47.3M

ENCINO, CA-Glenborough Realty Trust acquires First Financial Plaza, a six-story, 223,000-sf multi-tenant office building with a four-level parking garage in Encino, Calif.

By Peter Landau | Updated on April 03, 2002

ENCINO, CA-Glenborough Realty Trust is the new owner of First Financial Plaza, a six-story, 223,000-sf multi-tenant office building with a four-level parking garage in Encino, Calif. Glenborough closed on the $47.3 million transaction last week.

Encino is a prestigious and affluent area within the San Fernando Valley. The property is located at the intersection of Ventura Blvd. and Balboa Blvd. No tenant occupies more than 15% of the total rentable area.

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