LOS ANGELES-Dallas-based Lincoln Property Company has purchased an office building in Glendale from MPG Trust for an amount of $23 million. The new office building, situated at 207 Goode Ave., is LEED Gold certified.
Lincoln Property acquired the property along with Morgan Stanley Real Estate Funds. The company is looking for possible tenants, and it hopes that the building will reach 90% occupancy within next 24 months. The seller was represented by CB Richard Ellis in the transaction. For the full story, go to San Fernando Valley Business Journal.
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