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Insurance Firm Buys $3.125M Building

CHATSWORTH, CA-The company will move from an 8,500-sf building it owns in Glendale, Calif. to a two-story, 34,000-sf multi-tenant industrial building here on Topanga Canyon Boulevard.

By Bob Howard | Updated on August 26, 2002

CHATSWORTH, CA-An insurance business operated by Mike and Jane Heagerty bought a 34,000-sf office building at 9310 Topanga Canyon Blvd. from Tribune Topanga Group, a family-owned investment group, for $3.125 million.

Tim Foutz of NAI Capital Commercial, who represented the seller, tells GlobeSt.com that the new owners will occupy the 17,000-sf ground floor of the building.

Foutz says the new owners will expand from about 8,500 sf of office space in Glendale, Calif. He says the second floor, also approximately 17,000 sf, is fully leased to three office tenants.

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