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Westlake Village Lands Two New Tenants

WESTLAKE VILLAGE, CA-A financial services firm and a residential developer sign leases of around 4,500 sf at the city center fronting the Ventura Freeway. The combined consideration for these two leases is in excess of $2.1 million.

By Peter Landau | Updated on April 16, 2002

WESTLAKE VILLAGE, CA-A financial services firm and a residential developer have each signed leases to occupy space in the Westlake Village City Center. The combined consideration for these two leases is in excess of $2.1 million.

The larger of the two leases was signed by UBS Painewebber, Inc., a financial services company based in Weehaven, New Jersey. UBS Painewebber has signed a 10-year lease to occupy 4,800 sf. This lease marks Painewebber’s entrance into the marketplace where it wants to expand its presence and service the as of yet untapped community, according to a company spokesman. The price for its 10-year lease is just above $1 million.

Trimark Pacific Homes, LP, a residential developer based in Westlake Village, signed a five-year lease to occupy 4,350 sf. The local company moved from its location at the Westlake Spectrum Project as it expanded and grew beyond that facility’s needs, according to the company. The price for its five-year lease is, as with the Painewebber deal, just above $1 million.

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