Located at 22301 Foothill Blvd., the building was originally built in 1958 as a three-story department store. The building has served as the national headquarters for Mervyn's since 1984, when a fourth floor was added. In 1997, the building was completely renovated, including a full seismic upgrade. The 8.8-acre property includes a four-level parking structure.

Studley says it also has been retained to sell a 2.3-acre chunk of the property for multifamily development. It wasn't immediately clear whether Studley is selling the unused acreage on behalf of MDS or Capmark, or whether the 2.3 acres is part of the 8.8 acres or in addition to it. Ducharme could not be reached Friday for comment. Ducharme was assisted in the transaction by fellow Studley brokers Derek Graham, Jeff Hook and Mark Andrew.

MDS acquired three dozen Mervyn's properties in 2005, most of them retail, for $400 million. It re-traded the retail properties later in the year and in 2006 for more than $600 million in deals that included new long-term leases with Mervyn's.